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The European Commission told Malaysia that its proposed Renewable Energy Directive recast complies with WTO rules, responding to Malaysian threats to take the matter to the WTO. The proposal would roughly halve the share of food-based biodiesel by 2030 and cap crop-based biofuels at 3.8%.
A Commission proposal to sharply cut food-based biodiesel reduces long-term demand for palm and other vegetable oils. The trade dispute adds uncertainty for Malaysian palm oil exports to the EU.
developmentaid.orgJan 12, 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.
