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The European Parliament adopted its first-reading position on the Deforestation Regulation on 19 April 2023 in Strasbourg. The text requires that certain commodities and derived products placed on the EU market or exported from it come from land not deforested after 31 December 2020.
Exporters of palm oil and soy to the EU must now prove deforestation-free supply chains, which could reduce EU demand from non-compliant origins and weigh on exporter prices.
europarl.europa.euApr 19, 2023After 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.
After 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.
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.
