Loading…
The WTO ruled in favor of Indonesian challenges to EU anti-dumping duties on its biodiesel, allowing exports to resume after a one-year halt. Indonesia expects EU biodiesel exports of up to 500,000 kiloliters in 2018, well below 2014 levels of 1.8 million.
Resumed Indonesian biodiesel exports to the EU support palm oil demand and absorb some Indonesian CPO, modestly supporting palm prices.
bpdp.or.idCodingestJun 4, 2018After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
