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Musim Mas, a major palm oil producer, expressed regret over the European Parliament's vote to exclude palm oil from biofuel blends by 2021. The company urged the EU Council and Commission to support sustainably produced palm oil in the upcoming trilogue negotiations.
The statement is a company reaction to a policy vote and does not change supply or demand. The outcome of the trilogue talks will determine whether the palm oil biofuel exclusion becomes law.
musimmas.comJan 22, 2018After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
