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Fern criticised the EU deforestation regulation, which policymakers finished negotiating on 6 December 2022, for omitting strong protections for Indigenous Peoples' land rights. The European Parliament had voted in September to require respect for international human rights norms, including free, prior and informed consent, but this was not included.
The group argues that relying on national governments weakens enforcement.
Weaker enforcement standards mean the regulation may have less impact on trade flows of soy and palm oil. The price effect is therefore likely limited.
fern.orgDec 6, 2022After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% 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.
