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The European Union removed anti-dumping duties on biodiesel imports from 13 producers in Argentina and Indonesia, following a 2016 European Court of Justice ruling. Malaysian economist Yeah Kim Leng says the ruling could help Malaysia argue against EU palm oil measures as discriminatory.
The precedent strengthens Malaysia's legal position against EU palm oil biodiesel curbs, reducing the risk of lost EU demand for palm oil.
themalaysianreserve.comDzulMar 27, 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.
