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Indonesia's Coordinating Minister Luhut Pandjaitan said Indonesia will not retaliate against EU and Indian palm oil trade barriers, preferring diplomacy. He cited India's raised tariffs on crude palm oil to 44 percent and the EU's proposed phase-out of palm biodiesel by 2021.
Higher Indian tariffs and a possible EU phase-out restrict palm oil export demand, which is bearish for palm oil prices, though absence of retaliation limits escalation risk.
u.aa.com.trMuhammad Nazarudin LatiefMay 8, 2018After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
