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The European Parliament's Environment Committee approved a draft regulation on deforestation-free products, known as EUDDR, requiring firms to verify that exported and traded goods are not from deforested land. The proposal covers wood, palm oil, coffee, cocoa, beef and soy.
Mandatory verification could raise the cost and reduce the volume of soy and palm products reaching EU markets, supporting feed protein and vegetable oil prices.
tempo.coDini Pramita, Dody HidayatAug 19, 2022After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 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.
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.
