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Malaysia's plantation minister calls the April 4 European Parliament resolution biased and damaging to palm oil. The non-binding measure would allow only certified sustainable palm oil into the EU after 2020.
The EU bought 2.06 million tonnes of Malaysian palm oil products in 2016.
The EU is Malaysia's second-largest export market, so the proposed sustainability-only rule threatens export demand and prices.
thestar.com.myThe Star OnlineApr 5, 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.
