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A Climate Policy Initiative paper dated October 3, 2023 assesses how the EUDR, which bans imports of goods from land deforested after December 31, 2020, will affect Brazilian agribusiness. It notes that the EU is Brazil's second-largest soy and oil palm export destination, with covered exports estimated at US$17.5 billion in 2022.
Enforcement from late 2024 could shift Brazilian soy and palm products toward non-EU buyers or add premiums for compliant origin, affecting EU import demand.
climatepolicyinitiative.orgCristina Leme Lopes, Joana Chiavari, Maria Eduarda SegoviaOct 3, 2023After 369 past bearish policy events, Soybeans 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, Palm Oil 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.
