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The EUDR was adopted in May 2023 and entered into force in June 2023, with an 18-month implementation period for most stakeholders. The EU and national authorities must still define risk assessments and guidelines, and traders must adjust procedures.
Critics say 2024 is a key year to resolve uncertainties.
Ongoing uncertainty about implementation adds compliance risk for palm oil and soy trade flows into the EU, which may keep a price discount on these commodities for European buyers.
epiccproject.orgSimone MonteiroMar 28, 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.
