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The Forest Peoples Programme discusses the European Parliament's April resolution criticizing palm oil production for human rights abuses and deforestation. It notes that 46% of European palm oil imports are used as biofuels and calls for stronger certification standards.
With nearly half of EU palm oil imports used for biofuels, pressure to curb that use would reduce demand for palm oil and could support alternative vegetable oils in the EU market.
forestpeoples.orgMay 2, 2017After 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
