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The European Commission released a FAQ on the EU Deforestation Regulation (EUDR) ahead of the first Indonesia-Malaysia-EU Joint Task Force meeting in Jakarta. The document is aimed mainly at European commodity importers and sets out how the EU expects implementation to proceed.
The initial meeting was expected to set expectations rather than produce firm outcomes.
Clearer EU compliance expectations raise the cost and paperwork for palm oil shipments to Europe, which could weigh on EU palm oil demand over time. The near-term price effect is limited because the meeting was expected to be procedural.
palmoilmonitor.orgAdmin palmoilmonitor.orgAug 1, 2023After 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.
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.
