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Malaysia's Plantation Industries Minister urged France to reject an EU resolution on palm oil and deforestation and to accept Malaysia's MSPO certification scheme. He said the resolution and French environment minister support for it could act as a non-tariff barrier to Malaysian palm oil exports to the EU.
Norway's proposal to exclude palm biodiesel from EU renewable energy rules was also raised.
Potential non-tariff barriers on Malaysian palm oil exports to the EU could redirect volumes to other markets and weigh on Malaysian palm prices if the restrictions take effect.
nst.com.myOoi Tee ChingOct 23, 2017After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
