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The Conversation disputes the claim that palm oil causes 40% of global deforestation, noting that Indonesia and Malaysia produce about 85% of world palm oil. It notes Indonesia's ministry sought to extend a two-year moratorium on new forest and peatland licenses.
The article also describes rising demand from emerging economies.
Possible restrictions on new palm plantings in Indonesia would constrain future palm oil supply, which is a modest long-run support for palm oil prices.
theconversation.comVictor Baron, Alain Rival, Raphael MarichalJun 8, 2017After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% 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.
