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Indonesia plans to file a WTO complaint in March against EU anti-dumping duties on its biodiesel exports, which range from 8.8% to 20.5%. Indonesia says the duties breach WTO rules and that biodiesel sales to the EU fell from $625 million in 2013 to an expected $9 million in 2017.
The dispute concerns trade barriers on palm-based biodiesel, which affects Indonesian palm oil demand from the EU, though the direct price impact is modest.
admin.hydrocarbonprocessing.comMar 21, 2017After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
