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Indonesia threatens retaliation after the European Parliament passed legislation banning palm oil imports for biofuel use by 2020. Indonesia views the measure as discriminatory, and officials have hinted at a trade war that could affect Airbus.
Escalating EU-Indonesia tension raises the risk of trade restrictions on palm oil, which is bearish for EU-bound flows but could support prices if Indonesia restricts exports.
asiatimes.comJohn McBethJun 10, 2018After 67 past neutral trade events, PALMOIL moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
