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The UN Development Programme describes the EU Deforestation Regulation as the most ambitious attempt worldwide to tackle deforestation. It notes imports of beef, cocoa, coffee, palm oil, soya, rubber and wood will require geolocation-based proof of origin, and says the rule may later extend to maize and biodiesel.
A possible extension to maize and biodiesel would widen compliance costs into feed grains and biofuel feedstocks. For now the story is commentary, so price impact is minor.
undp.orgDec 11, 2023After 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 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
