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The ISCC certification body has publicly opposed the EU Parliament's proposed ban on palm oil biofuels, arguing it would reduce demand for certified palm oil and fail to curb deforestation. The intervention adds weight to industry objections in the RED debate.
Industry opposition to the ban could soften the policy outcome, limiting downside pressure on palm oil demand from EU biofuel rules.
palmoilmonitor.orgKhalil Hegarty, Pierre Bois d’EnghienMay 4, 2018After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
