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T&E argues that EU trade tools have failed to stop unsustainable biodiesel imports. The EU Parliament voted to disqualify palm oil biodiesel from clean fuel rules after 2020, prompting threats of retaliation from Indonesia and Malaysia.
The EU has previously imposed anti-dumping duties on Argentinian and Indonesian biodiesel while negotiating trade deals with those countries.
A possible EU ban on palm oil biodiesel would cut a major source of vegetable oil demand, weighing on palm oil and supporting rapeseed-based feedstocks, while retaliation risks disrupt trade flows.
transportenvironment.orgMay 7, 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
