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A WTO panel ruled largely in favor of Indonesia in its challenge to EU anti-dumping duties of 8.8 to 20.5 percent on biodiesel imports, upholding six of seven claims. The EU duties, imposed in 2013, cut Indonesian biodiesel exports from $649 million in 2013 to $150 million in 2016.
Indonesia's trade minister forecast exports could rebound to $1.7 billion by 2022.
A possible reopening of the EU biodiesel market would raise demand for Indonesian palm oil feedstock, supporting CPO and palm oil prices over the coming years.
indonesia-investments.comIndonesia InvestmentsJan 29, 2018After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% 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.
