
Indonesia and Malaysia criticised an EU move to back a ban on palm oil use in biofuels, with a Malaysian minister calling it a protectionist trade barrier. Malaysian ambassadors in the EU are set to raise objections.
A European biofuel ban removes a large export outlet for palm oil, which is bearish for palm prices and raises trade-tension risk between major vegetable oil exporters.
After 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% 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.