Loading…
The European Parliament adopted a resolution on 4 April 2017 on palm oil and deforestation of rainforests, calling for stricter rules on palm oil imports. The text references the Paris Agreement, the Amsterdam Declaration on sustainable palm oil by 2020, and EU consumption-driven deforestation.
Calls for mandatory sustainability standards and a possible phase-out of palm oil in EU biofuels could reduce EU demand for palm oil over time, a bearish factor for palm oil prices and a supportive factor for alternative vegetable oils such as soybean oil and rapeseed oil.
europarl.europa.euApr 4, 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.
