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Sabah MP Marcus Makin Mojigoh reports that most European countries object to palm oil imports after a Brussels visit by a Malaysian parliamentary delegation. The European Parliament's palm oil and deforestation resolution is non-binding, and the RSPO is awaiting an EU Commission technical evaluation.
Political opposition in Europe to palm oil raises the risk of future import restrictions, a bearish factor for palm oil prices if the resolution is adopted or extended.
theborneopost.comemmorNov 2, 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.
