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GAPKI's executive director said the EU's decision to delay its palm oil biodiesel phase-out to 2030 is still discriminatory because it singles out palm oil versus other vegetable oils. Indonesian producers are preparing to respond to the EU policy.
The EU phase-out keeps long-term demand risk for palm oil in biodiesel, which weighs on palm prices, while rapeseed and soybean oil may gain share in EU biofuel.
gapki.idadminJun 20, 2018After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
