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Both ENDS and Forest Peoples Program asked EU institutions to consult indigenous communities affected by EU palm oil and agricultural trade. The group notes that almost half of EU palm oil imports are used for biofuel because of Renewable Energy Directive incentives.
Pressure to curb palm oil biofuel use under the RED could reduce EU palm oil demand, a bearish factor for palm oil prices.
bothends.orgMay 15, 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.
