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EU member states called for delays to the anti-deforestation law on 21 February, with Latvia citing up to six years for national adaptation. Ireland asked for more time for small operators, while the Dutch minister urged swift adoption.
Spain and Denmark were open to adding products such as rubber or maize.
Delays and possible scope expansion create uncertainty for EU soy and palm oil import flows, which could support feed protein and vegoil prices over time.
business-humanrights.orgEUObserverFeb 21, 2022After 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.
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.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
