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The EU Deforestation Regulation (EUDR) entered into force in June 2023 with an 18-month implementation period for operators and traders. The article summarises its provisions and notes that firms should start preparing now for compliance.
Traders of soy, palm oil, cattle, cocoa, coffee, wood and rubber into the EU will face traceability and due-diligence costs, which could widen regional price spreads for compliant versus non-compliant supply.
lexology.comJeff Isaacs, Reema ShourJan 15, 2024After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
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.
