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EU agriculture ministers criticised the deforestation proposal on 21 February, raising concerns about scope, administrative burden and definitions. Portugal, Austria, Estonia and Malta warned of supply disruptions for products such as soya for animal feed.
Several countries also raised WTO compatibility.
Warnings of soya supply disruption for feed suggest that the rules, if adopted as drafted, could tighten EU protein meal availability and support prices, though the outcome remains uncertain.
agenceurope.euFeb 20, 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 356 past bullish policy events, Soybeans 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.
