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Sawit Indonesia reports on the European Parliament's April 4 vote adopting the palm oil and deforestation resolution, passed 640 in favor, 18 against and 28 abstaining. It warns Indonesia and Malaysia that proposed tariff and non-tariff barriers could raise EU duties on palm oil if the Commission adopts them.
Potential higher EU import duties and a single certification scheme would reduce Indonesian and Malaysian palm oil export competitiveness, a bearish factor for palm oil prices.
sawitindonesia.comRedaksi Sawit IndonesiaMay 9, 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.
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.
