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Malaysia and Indonesia say a European Parliament resolution calling for a single certified sustainable palm oil scheme will affect millions of people. The resolution targets Europe-bound palm and other vegetable oil exports.
The two countries are pushing back against the measure.
Stricter EU sustainability requirements could restrict palm oil access to a major market, which would weigh on palm prices.
reuters.comNov 22, 2017After 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.
