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Environmental groups accused EU Environment Ministers of significantly watering down the deforestation due diligence regulation after the Council backed the Commission proposal with carve-outs. The Council's position covers palm oil, beef, timber, coffee, cocoa and soy and their derived products.
The article questions whether the revised rules can still curb deforestation in these supply chains.
Carve-outs weaken the expected compliance burden on EU imports of soy and palm oil, which reduces the risk of trade disruption. The net price effect is small.
foodnavigator.comKaty AskewJul 1, 2022After 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.
