Loading…
Palm oil producing countries held the inaugural ministerial meeting in Bali from November 1 to 3, 2017. Indonesia, Malaysia and invited producers discussed sustainability, smallholder productivity and trade barriers.
The meeting aimed to present a common position in global trade.
Coordinated producer positions could strengthen palm oil's negotiating stance against EU and other trade barriers, but the meeting itself produced no immediate price change.
en.infosawit.comInfoSAWIT EnglishNov 4, 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.
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.
