# Big Traders’ Plans for Sustainable Crops Upended by EU Delay - Bloomberg

> Bloomberg reports that traders of soybeans, coffee and rubber had been paying premiums to farmers for deforestation-free supplies ahead of the EU rules. The EU's proposed delay of those rules now upends those sourcing plans.

- Date: 2024-10-09 · published 2024-10-09T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/27895-big-traders-plans-for-sustainable-crops-upended-by-eu-delay-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Premiums paid for compliant supply may fall if demand for certified product is postponed, which weakens the price incentive for segregated soy and palm supply. The effect is modest and mainly on premium pricing.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-11-07 | [CAP reform: From sustainable feed to sustainable food - IPES-Food](https://feedsoft.ai/events/68000-cap-reform-from-sustainable-feed-to-sustainable-food-ipes-food.md) | -2.1% | +2.5% |
| SOY | 2023-07-06 | [New Biofuel Targets Are the End of the Road for Renewable Diesel \| BloombergNEF](https://feedsoft.ai/events/15294-new-biofuel-targets-are-the-end-of-the-road-for-renewable-diesel-bloombergnef.md) | -3.8% | -7.6% |
| SOY | 2019-12-04 | [Trump’s $28 Billion Trade War Bailout Is Overpaying Farmers - Bloomberg](https://feedsoft.ai/events/55567-trump-s-28-billion-trade-war-bailout-is-overpaying-farmers-bloomberg.md) | +3.5% | +8.4% |
| SOY | 2022-01-10 | [Palm oil attacks? Why EU’s latest sustainability plans risk alienating Indonesia amid free trade talks](https://feedsoft.ai/events/43172-palm-oil-attacks-why-eu-s-latest-sustainability-plans-risk-alienating-indonesia.md) | -3.2% | +12.9% |
| SOY | 2020-11-27 | [Sustainable supply chains - one step closer to UK legislation on deforestation risks - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/50186-sustainable-supply-chains-one-step-closer-to-uk-legislation-on-deforestation.md) | -1.3% | +6.7% |
| PALMOIL | 2022-04-26 | [Chaos Engulfs Palm Oil Market as Indonesia Ban Flip-Flops Vex Traders - Bloomberg](https://feedsoft.ai/events/41966-chaos-engulfs-palm-oil-market-as-indonesia-ban-flip-flops-vex-traders-bloomberg.md) | +10.6% | -0.0% |
| PALMOIL | 2024-01-15 | [EU Deforestation Regulation: considerations for commodities traders - Lexology](https://feedsoft.ai/events/32131-eu-deforestation-regulation-considerations-for-commodities-traders-lexology.md) | -0.2% | -1.4% |
| PALMOIL | 2024-10-02 | [EU proposes to delay landmark anti-deforestation law by 12 months](https://feedsoft.ai/events/27893-eu-proposes-to-delay-landmark-anti-deforestation-law-by-12-months.md) | +3.6% | +5.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-10-09/big-traders-plans-for-sustainable-crops-upended-by-eu-delay

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.