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The EU parliament rapporteur for the deforestation regulation argues that the bloc must act because 429 million hectares of forest were lost worldwide between 1990 and 2020. He notes EU consumption accounts for about 10 percent of global deforestation and that the law must balance environmental goals against supply chain and consumer price impacts.
The regulation's final shape will determine compliance costs for EU imports of soy, palm oil and beef, which feed buyers track. Near-term price impact is limited while the rules are still being finalized.
theparliamentmagazine.euFeb 10, 2023After 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.
After 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.
