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Palm oil producers Indonesia and Malaysia are seeking new markets in Africa, Myanmar and elsewhere after facing backlash in Europe over deforestation. Indonesia is pursuing barter deals and promoting palm oil in trade negotiations.
Shifting exports toward price-sensitive markets may support palm oil volumes but at lower prices, while EU demand weakens.
malaymail.comSep 13, 2017
voanews.comReutersSep 13, 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.
