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Ingredients Network reports industry warnings that the EU deforestation regulation could raise consumer prices and create unfair competition for food manufacturers. It cites FAO estimates that beef, palm oil and soy account for about 80% of tropical deforestation.
Industry expectations of higher costs and reduced trade flows for palm oil, soy and beef point to modest bearish pressure on EU-bound demand.
ingredientsnetwork.comNov 3, 2022After 400 past bearish policy events, PALMOIL 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, SOY 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.
