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CLECAT, the European logistics trade association, warns that the EUDR will require logistics providers to verify and document that goods they handle are deforestation-free. Non-compliant shipments could face delays, fines or confiscation ahead of the December 30, 2024 start date.
Added documentation and clearance delays at EU ports could slow soy and palm oil shipments, a modest logistics cost factor for importers.
clecat.orgAug 23, 2024After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
After 24 past logistics events, Palm Oil moved a median -0.1% over 5 sessions (46% higher; middle half -1.0% to +2.7%), and +1.3% over 20.
Not enough comparable past events yet for a historical read.
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.
