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Eight palm oil industry associations, including the chocolate federation Caobisco, asked the EU to delay application of the deforestation law to palm oil until 2030. They cite supply disruption from the Ukraine war and food security concerns.
If the EU grants a delay, palm oil imports into Europe would avoid near-term compliance friction, while continued uncertainty keeps a regulatory risk premium on palm oil.
unearthed.greenpeace.orgZach BorenMay 24, 2022After 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.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
