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Malaysian planters, millers, refiners and exporters urged the government to retaliate against France, Norway and the EU over plans to ban palm biodiesel from 2020. The industry says the ban favors domestic rapeseed and sunflower oil and is hurting trade talks.
A biodiesel ban removes a major palm oil demand outlet in Europe, which pressures palm prices and could shift European demand toward rapeseed oil.
nst.com.myOOI TEE CHINGFeb 1, 2019After 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.
