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Large palm oil producers say the EU deforestation law will not hurt their exports. The law requires producers to submit due diligence statements showing when and where their commodities were produced.
Industry concern centers on the cost and paperwork of meeting those requirements.
Producers' confidence that exports will hold limits the expected near-term drop in EU palm oil demand. The market impact depends on how strictly the due diligence rules are enforced.
reuters.comJun 12, 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.
