Loading…
Malaysian Prime Minister Mahathir said Indonesia should join Malaysia in opposing European Union pressure on palm oil. The EU is a major export market for both countries but has moved to curb palm use to meet climate goals.
The article text is truncated.
EU curbs on palm use for fuel threaten a major export market and could weigh on palm demand. Trade tension between the EU and the two largest producers adds uncertainty to prices.
reuters.comYuddy CahyaJun 29, 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.
