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The European Parliament's environment committee published a draft report on palm oil and deforestation, prepared by MEP Kateřina Konečná. The article says the report could lead to trade repercussions and influence the EU's biofuel sustainability approach.
If the draft becomes a binding EU measure, palm oil import demand and biofuel use could fall, pressuring palm oil prices.
gofbonline.comgofb-admFeb 18, 2017gofbonline.comgofb-admFeb 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.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
