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A WWF report using Stockholm Environment Institute Trase data finds the EU is the world's second-largest driver of tropical deforestation after China. It links EU imports of key commodities to the loss of an estimated 3.5 million hectares of tropical forest between 2005 and 2017.
Soy and palm oil account for most of the EU-driven deforestation.
A proposed EU due-diligence rule on deforestation-linked imports could raise compliance costs or restrict sourcing of soy and palm oil. That could tighten supply of these feed and oil inputs over time, though the proposal is not yet law.
politico.euLouise GuillotApr 14, 2021After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.
