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MEPs asked the EU to phase out vegetable oils in biofuels by 2020 because of deforestation. The committee also backed tougher import criteria, possible carbon-footprint tariffs, and a critique of existing RSPO and MSPO certification schemes.
The text is a non-binding position that goes further than the lead MEP's draft.
Tougher EU rules on biofuel feedstocks would reduce palm oil import demand and could redirect demand to rapeseed and soy oil. Price effects depend on whether the position becomes binding law.
endswasteandbioenergy.comJosé, RojoMar 10, 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.
