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EU trade associations FEDIOL, COCERAL and FEFAC issued a joint statement on 16 February saying the deforestation proposal needs commodity-specific adaptation. They warned of EU supply shortages, high prices, competitiveness losses and exclusion of smallholders.
They also cited heavy administrative burdens.
Industry warnings of EU supply shortages and high prices for feed and oilseed inputs point to upward pressure on protein meal and vegoil costs if the draft is adopted unchanged.
ofimagazine.comQuartz Business MediaFeb 21, 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.
Not enough comparable past events yet for a historical read.
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 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.
