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Palm oil industry experts warn that the EU's proposed deforestation rules could upset Indonesia during ongoing free trade talks. The draft ranks imports as high, standard or low risk, and major palm oil exporters such as Indonesia and Brazil are likely to be classed as high risk.
Being classed high risk could reduce EU demand for Indonesian and Brazilian palm oil and soy, which is bearish for those origins and supportive of alternative supply pricing.
foodnavigator.comPearly NeoJan 10, 2022After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
