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Draft EU legislation would ban palm oil biofuel imports from 2021 over deforestation concerns, which Malaysia has called 'crop apartheid'. Indonesia has vowed to retaliate, and the European Commission has not yet finalized the law.
Malaysia's plantations minister has threatened retaliatory trade measures.
A possible EU ban and retaliation threats create trade uncertainty that could pressure palm oil export demand and prices, while benefiting rival vegetable oils.
asiatimes.comNile BowieMar 27, 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 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
