Loading…
Coffee traders are reportedly shifting purchases away from Africa to avoid the EU deforestation law's traceability requirements. Sucafina and Louis Dreyfus have locked in future sales with an EUDR premium, and half of Ivory Coast's cocoa is sold via hard-to-trace intermediaries.
Compliance costs may raise food prices in the EU and reshape origin flows, but the story concerns coffee and cocoa, which are not feed commodities. Impact on feed ingredient prices is negligible.
reuters.comMay AngelDec 19, 2023After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% 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.
