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The European Parliament adopted its Environment Committee's own-initiative report on palm oil and tropical deforestation on 4 April 2017, with 640 in favour, 18 against and 28 abstaining. Palm oil producing countries had opposed the report over proposed unilateral trade measures and a single EU certification system.
The report signals likely future EU trade restrictions and certification rules on palm oil, which could reduce import demand and weigh on palm oil prices while favouring European vegetable oils.
fern.orgApr 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.
