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EU member states have approved the postponement of the deforestation law, confirming the delay. Critics say the rules could exclude millions of poor, small-scale farmers from the EU market.
The US had also criticised the EU for being late to launch a compliance system.
Confirmation of the delay removes near-term uncertainty for exporters of palm oil, soy and cattle products to the EU. Exporters can keep current shipping patterns for another year.
reuters.comKate AbnettDec 18, 2024After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), 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.
