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A European Commission presentation indicates the EU may change its approach to the FLEGT VPA process and the EU Timber Regulation. The EU is considering a new regulation to minimise deforestation risk in imported products including soy, palm oil, beef, coffee, cocoa and timber.
The proposal would build on existing frameworks but raises questions about their future.
A broader EU deforestation regulation covering soy and palm oil could alter import sourcing and compliance requirements. The effect on feed and vegetable oil prices is uncertain and would depend on the final rules.
flegtimm.euApr 23, 2021After 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.
