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Coffee and candy makers are questioning the EU deforestation law, arguing it is difficult to comply with. A family-owned confectionery company said its cocoa and palm oil can be traced to individual farms or plantations and kept separate from untraceable material.
Some large investors continue to back the regulation.
Industry pushback could lead to delays or changes in implementation, which would shift the timing of demand for traceable palm oil and cocoa inputs. Uncertainty over the rules may keep buyers cautious about contracting.
reuters.comRicha NaiduJul 27, 2023After 513 past neutral policy events, PALMOIL 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.
