Loading…
The Council of the EU gave final approval to a regulation requiring operators who place palm oil, cattle, wood, coffee, cocoa, rubber and soy on the EU market, or export from it, to trace those goods back to the plot of production. The rules set a cut-off of 31 December 2020, so only products grown on land not deforested after that date may be sold in or exported from the EU.
Mandatory traceability and a deforestation cut-off could tighten EU access for soy and palm-based feed and oil supplies, shifting trade toward compliant origins and adding cost that may support prices for verified-clean supply. The impact depends on how strictly compliance is enforced and when it takes effect.
consilium.europa.euMay 16, 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.
