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Indonesia's maritime coordinating minister said the EU has postponed a ban on some Indonesian crude palm oil, limiting it to peatland-grown palms, with the phase-out now set for 2030. A task force will join EU talks on the issue.
Postponing the ban to 2030 and limiting it to peatland palms reduces the near-term threat to Indonesian CPO exports, which is mildly bullish for palm oil prices.
chinadaily.com.cnJun 26, 2018After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
