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SGS e-Customs outlines the EUDR as part of the EU's Fit for 55 package, which aims to cut EU CO2 emissions by 55% by 2030 relative to 1990. The regulation covers seven commodities, including beef, cocoa, coffee, palm oil, soy, wood and rubber, and requires companies to collect supply-chain information and prove raw material origin.
Without regulation, consumption of these goods was estimated to add about 248,000 hectares of deforestation per year by 2030.
Origin-proof requirements on soy and palm oil could raise compliance costs and favor traceable supply chains, influencing relative prices and trade flows into the EU.
ecustoms.sgs.comMedi SoetelmansFeb 22, 2024After 554 past neutral policy events, SOY 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, PALMOIL 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.
