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A Chambers and Partners legal article explains that the EU adopted the EUDR on 31 May 2023. The regulation requires importers, traders and exporters to prove that cattle, cocoa, coffee, oil palm, rubber, soya, wood and derived products are deforestation-free, legally produced and covered by a due diligence statement.
Due diligence obligations on importers add paperwork and cost for soy, palm oil and cattle-derived products shipped to the EU, which can shift trade flows and affect EU import demand.
chambers.comFeb 15, 2024After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
