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Environmental activists asked that palm oil be excluded from Indonesia-EU trade talks taking place that week, arguing wider EU market access would worsen deforestation. Indonesia is pushing back against EU plans to phase out palm oil in biofuels by 2021.
The dispute over EU palm oil access and biofuel phase-out affects a major vegetable oil export flow and could influence palm oil prices.
news.mongabay.comHans Nicholas JongFeb 22, 2018After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
