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The Palm Oil Monitor weekly update reports that the Changing Markets Foundation has claimed certification schemes have lost credibility, singling out palm oil. The report recommends curbing palm oil demand, particularly in biofuels, as EU renewables talks proceed in Brussels.
Pressure on palm demand for biofuels could affect EU vegoil use, but the report is advocacy and has no direct near-term effect on prices.
palmoilmonitor.orgKhalil Hegarty, Pierre Bois d’EnghienMay 14, 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.
