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Indonesia, Malaysia and Colombia have protested to the European Parliament that the palm oil biofuel motion is discriminatory. They warn that tariffs or a ban could violate WTO rules and lead to a trade dispute.
The article says a plenary vote is expected soon.
A possible WTO dispute adds uncertainty to EU palm oil demand and could delay or dilute any ban. The threat supports palm oil prices only if the measure is weakened.
climatechangenews.comArthur NeslenMar 30, 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.
