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Testimonies at a Brussels event on February 7, 2017 described land grabbing and community displacement tied to palm oil plantations in Cameroon, Colombia and Liberia. The event preceded a European Parliament vote on a report on palm oil and deforestation.
Pending EU rules on deforestation and renewable energy could restrict palm oil imports and biofuel use, which would weigh on palm oil demand and prices.
fern.orgNicole PolstererFeb 7, 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.
