Loading…
Indonesia and Malaysia will send a joint mission to the EU to prevent implementation of the European Parliament's call to phase out vegetable-oil biofuels by 2020. The Parliament resolution also calls for a single certification scheme for sustainable palm oil.
If the phase-out is blocked, palm oil biofuel demand in Europe is preserved; if it proceeds, EU palm demand falls, which is bearish for prices.
euractiv.comSarantis MichalopoulosApr 11, 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.
