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Indonesia and Malaysia agreed on five palm oil cooperation points at a meeting on August 23, 2017, including joint campaigns against negative campaigns in the EU and US and promotion of B5 biodiesel for China. The article is in Indonesian.
The planned joint marketing and China B5 push could support palm oil demand over time. The points are agreements in principle rather than enacted measures.
rappler.comUni LubisAug 24, 2017After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
