Loading…
Indonesia and Malaysia are launching joint efforts to counter a European Parliament resolution on palm oil. Indonesia exported 4.37 million tonnes of palm oil to the EU last year and Malaysia exported 2.06 million tonnes.
The EU is a major palm oil buyer, so a threatened phase-out of palm-based biofuels after 2020 would weigh on demand and prices if it is implemented.
reuters.comApr 12, 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.
