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European environmental groups say the EU's 2030 palm biofuel phase-out does not protect rainforests and was shaped by EU trade interests in Malaysia and Indonesia. The article recaps the January parliamentary vote and Malaysia's accusation of 'crop apartheid'.
The political controversy adds uncertainty about whether the EU phase-out will be finalized as agreed, which affects the long-term outlook for palm demand.
dw.comHans SprossJun 22, 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.
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.
