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From 30 December 2024, EU rules will require products to come from land not deforested after 31 December 2020, comply with producer-country law, and carry a due diligence statement. The regulation covers cattle, cocoa, coffee, oil palm, rubber, soya and wood, with traceability required across the supply chain.
Upstream and downstream traceability requirements could reduce EU-bound palm oil and soy volumes or raise their costs, which tends to pressure prices for these commodities in origin markets.
deloittelegal.beEls Van Poucke, Dominique VanherckMar 15, 2024After 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.
After 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.
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.
