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Malaysia and Indonesia said in a joint statement on July 16 that they are considering taking the EU's proposed restrictions on palm oil imports to the WTO. The statement followed a July 13 ministerial meeting in Kuching.
Both countries expressed deep disappointment at what they called unfair EU treatment of palm oil.
Possible WTO litigation over EU curbs on palm oil used in biodiesel adds uncertainty to future palm oil export demand from the two largest producers. Any escalation could weigh on palm oil prices.
bioenergyinternational.comBioenergy InternationalJul 19, 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.
