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A Sustainable Nutrition Platform roundtable on October 17, 2023 discussed how the EU Deforestation Regulation (EUDR) is being implemented in Europe and producing countries. The EUDR was formally adopted on June 29, 2023, and covers wood, rubber, palm oil, soy, beef, coffee and cacao.
Belgium and the Netherlands have begun transposition, while many other member states are moving slowly.
Uneven national implementation adds compliance cost and uncertainty for soy and palm oil exporters to the EU, which could redirect feed and oil flows and affect regional price spreads.
competere.euOct 17, 2023After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
