Loading…
Industry consultant M R Chandran argues the EU is unlikely to create its own palm oil standards and will likely accept RSPO certification, as the EU requires only 'certified sustainable' palm oil. He says the RSPO's new principles and criteria are expected in late 2018.
Uncertainty over a possible EU ban on palm oil and other vegetable oils weighs on Malaysian and Indonesian export expectations, but the consultant's view that certification will suffice reduces the perceived near-term risk.
themalaysianreserve.comDzulDec 11, 2017After 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.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
