Loading…
Global Oil & Fats commentary argues that the European Parliament's April resolution on palm oil, which proposes a single certification scheme by 2020 and labeling rules, could backfire. It contends that demand for affordable vegetable oil will not disappear and that restricting palm could push buyers toward other oils.
The piece is an opinion comment rather than a new policy decision.
If EU certification rules reduce palm oil access, supply could tighten for buyers, which would be mildly bullish for palm oil and competing vegetable oils.
gofbonline.comgofb-admJun 21, 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.
