Loading…
Malaysia's plantation minister said the European Parliament's vote to phase out palm oil in biofuels by 2021 is discriminatory and that Malaysia could retaliate against EU goods. Malaysia exports about two million tonnes of palm oil to Europe, over 30% of it used for biodiesel.
Kuala Lumpur said it would first seek dialogue and could take the case to the WTO.
A future EU biofuel palm oil ban would remove a large export outlet, threatening palm prices, though the phase-out is years away and the outcome is uncertain.
euractiv.comSarantis MichalopoulosFeb 13, 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.
