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Indonesia's Trade Ministry plans to expand biodiesel exports to Europe after winning an appeal at the European Court of Justice against EU anti-dumping duties. Duties of 8.8% to 23.3% were imposed in November 2013, and Indonesian biodiesel exports to Europe fell 42.84% from 2013 to 2016.
Restored access to the EU biodiesel market could lift Indonesian palm-based biodiesel demand and support palm oil prices, though the plan is still an intention rather than a confirmed volume change.
en.antaranews.comMar 22, 2018After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
