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French authorities allowed Total's La Mede biorefinery to partly use palm oil as feedstock, requiring at least 25 percent recycled oil. French oilseed producers strongly objected, saying most of the feedstock would be imported palm oil.
Palm oil use in a large new French biodiesel plant adds to European palm oil biofuel demand, mildly supportive for palm oil and competing with rapeseed-based biodiesel.
admin.hydrocarbonprocessing.comMay 17, 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.
Not enough comparable past events yet for a historical read.
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.
