Loading…
The European Commission wrote to voluntary certification schemes saying a biofuel batch cannot count toward quotas in more than one EU member state. The article describes the risk of double-selling between ISCC, RSPO and national mandates in Indonesia and Malaysia.
It also notes EU interest in a single certification scheme.
Tighter tracking of biofuel batches could reduce the amount of certified palm oil that qualifies for EU mandates. That would modestly weigh on demand for certified palm oil.
khor-reports.comyulengMar 18, 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.
