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GAPKI reports that the European Parliament voted on September 13 to widen the EU deforestation-free products regulation to more commodities and to add due diligence for financial institutions. It restates the Commission's original list of beef, palm oil, soy, wood, cocoa and coffee and their derived products.
Expanding scope to more commodities and derived products could tighten EU access for palm oil and soy, which may weigh on EU demand for Indonesian and Brazilian supplies.
gapki.idadminOct 5, 2022After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
