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Palm oil producers in Asia are urging European governments not to proceed with proposals restricting palm oil. Indonesia and Malaysia supply about 85% of world palm oil, and about 15% of their palm oil exports go to the EU.
The lobbying signals uncertainty over EU demand for palm oil, which could weigh on palm prices if restrictions advance.
simonroughneen.comSimonFeb 6, 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.
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.
