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The EU published an overview of Regulation (EU) 2023/1115, adopted on 31 May 2023, which repeals the EU Timber Regulation and sets rules for placing cattle, cocoa, coffee, oil palm, rubber, soya and wood products on the EU market. The regulation aims to reduce the EU's contribution to deforestation and related emissions and biodiversity loss.
Exporters of soy, palm oil, beef and other listed commodities face due-diligence and traceability costs that could segment supply toward compliant origins and shift premiums. The impact on feed-relevant soy and palm products is a medium, longer-dated driver.
knowledge4policy.ec.europa.euNov 15, 2023After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
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.
