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Leaked papers reportedly show the UK opposed EU limits on Indonesian palm oil trade. The Guardian reports the European Parliament is pushing to ban palm-oil-based biofuels, and a draft Commission study favors binding due diligence rules for high-risk forest products.
A possible EU ban on palm oil biofuels and stricter due diligence would reduce European demand for palm oil and could weigh on palm prices, while Indonesian and Malaysian trade tensions add uncertainty.
theguardian.comArthur NeslenMar 9, 2018After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
