CPO futures as hedging mechanism following planned EU palm oil ban
The negative sentiments stemming from the European Union’s (EU) ban on palm oil is exerting pressure on the crude palm oil (CPO) price. In January 2018, members of the European parliament passed votes to amend a draft law on renewable energy. Although the bill is subject to further debate by the European Council, its call-for-action towards the reduction of palm oil derived biofuels and bioliquids, is adversely affecting the price of CPO.