Loading…
New Zealand's myNZTE guidance explains that exporters of beef, cattle hides, coffee, cocoa, rubber, soya, palm oil and wood products to the EU must help importers provide a statement that the land was not recently deforested. The obligation falls mainly on the importer placing goods on the EU market, and exporters must supply geolocation data.
Geolocation and due diligence requirements add cost and administrative burden for exporters of beef and soy products, which could divert some trade away from EU markets.
my.nzte.govt.nzEurope, Middle East, Africa TeamFeb 19, 2024After 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.
After 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.
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.
