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The European Parliament adopted a position on the draft deforestation-free products regulation. It proposed extending the covered products to pig meat, poultry, maize, rubber and others.
The proposal still requires negotiations with member states before approval.
If adopted with the expanded product list, the rules would add compliance costs for EU imports of maize, soy, palm oil and livestock feed inputs, which could shift trade flows.
mfat.govt.nzNew Zealand Ministry of Foreign Affairs, TradeOct 7, 2021After 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.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 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.
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.
