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The European Parliament confirmed a 12-month delay to EUDR implementation after a plenary vote on 14 November, with 371 in favour and 240 against. A proposed two-year extension was removed from the vote, and most of the nine amendments were adopted.
The confirmed delay gives soy and palm oil exporters more time to meet EU due diligence requirements, which reduces near-term trade friction for these commodities.
foodnavigator.comNicholas RobinsonNov 14, 2024After 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.
After 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.
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.
