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Malaysia will work with Indonesia to challenge a European Parliament resolution on sustainable palm oil, according to a Malaysian minister. Malaysia says the resolution would hurt palm oil imports into the EU and the economies of producing nations.
The resolution also proposes labelling for sustainably produced palm oil.
A joint producer challenge raises the chance of a trade dispute that could delay EU restrictions. Any delay supports palm oil demand in the near term.
mlex.comRelated Sections TradeMar 16, 2017After 67 past neutral trade events, PALMOIL 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.
