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Grant Thornton explains new importer obligations under the EUDR, requiring traceability of each lot to specific land plots using data such as satellite imagery. It lists covered products including cattle, cocoa, coffee, palm oil, soy, timber and rubber, with customs enforcement beginning December 30, 2024.
Higher traceability costs for importers of soy, palm oil and cattle-derived products could reduce EU demand for non-compliant supply and raise premiums for verified origin.
lexology.comMarco Visser, Danny Niesing, Pierre DocxMay 22, 2024After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
