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A palm oil watchdog warns that the EU deforestation law could sideline small farmers who may struggle to provide the required verifiable land information. The law covers palm oil, soy, beef, wood, cocoa and coffee and some derived products.
Smaller producers being excluded could tighten supply of compliant palm oil and soy-based products into the EU. Price effects would likely be gradual as compliance systems develop.
reuters.comMei Mei ChuFeb 7, 2023After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
