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Premier Insight : Indonesian government plans to file a lawsuit against European Union (EU) to the World Trade Organization (WTO)
Friday, March 15, 2019       09:16 WIB

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Plantation sector: Indonesian government plans to file a lawsuit against European Union (EU) to the World Trade Organization (WTO) following EU's decision to include crude palm oil (CPO) as a non-environmentally friendly product on its Renewable Energy Directive (RED) II. Indonesia accuses EU for a violation in global trade by its discriminative practice against CPO. (Bisnis Indonesia).
Comment: Palm oil price hits the lowest level in three months following EU decision to include CPO as a non-environmentally friendly product on its RED II. We expect negative sentiments for palm oil price to remain in the short term following this update. However, at this stage we maintain our positive view on the sector and expect palm oil price to strengthen post low-demand season in 1Q19. We maintain our Buy recommendation for (TP: Rp15,500) and (TP: Rp1,600).

Sumber : IPS RESEARCH

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