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Greens/EFA welcomed the European Parliament's adoption of an own-initiative report on palm oil and rainforest deforestation, the first time MEPs have called for stricter palm oil import rules. The group urged the Commission to set mandatory minimum standards and phase out palm oil in biofuels by 2020.
This is a campaign statement reacting to the vote; its price relevance lies in the underlying policy push toward stricter palm oil import rules and biofuel phase-outs.
greens-efa.euDavid WeirApr 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.
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.
