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Indonesia, Malaysia and the EU are working on a guide to help smallholders comply with EU deforestation rules. The EUDR requires importers of soy, beef, cocoa, coffee, palm oil, timber and rubber to show their supply chains are not linked to forest destruction.
Smallholder compliance is a constraint on palm oil supply, so a workable guide could ease future export bottlenecks. The near-term price effect is minimal.
reuters.comOct 11, 2024After 513 past neutral policy events, PALMOIL 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.
