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The EU passed a resolution in April 2017 to phase out palm oil in biofuels by 2020 and launched a palm oil certification programme in August. Analysts expect Indonesian and Malaysian palm export revenue to fall at a 6-7% annual rate over 2016-2020.
A planned EU biofuel ban removes a major palm oil outlet, which is bearish for palm oil prices and pressures producer export revenue.
asia.ub-speeda.comspeeda-adminSep 27, 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.
