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Speakers told the European Parliament that Britain and Europe need to tighten palm oil supply chains to reduce deforestation. The article notes the Parliament voted last April to phase out biofuels made from vegetable oils by 2020, followed by a related vote last month, and that the Commission and member states are still considering how this would be implemented.
EU biofuel restrictions on palm oil could cut demand for vegetable oils used in biofuel, pressuring palm oil prices and supporting soybean oil demand as a substitute.
theguardian.comJonathan WattsFeb 23, 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.
