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WWF's Anke Schulmeister-Oldenhove writes in a Euractiv column that the EU accounts for as much as 16% of nature destruction linked to global trade between 2005 and 2017. She identifies soy used for animal feed, palm oil, Latin American beef and cocoa as key links to tropical forest loss.
She asks whether the forthcoming EU deforestation law will meet its promises.
Heightened political attention on soy for animal feed and palm oil raises the likelihood of tighter EU import rules. Any tightening would be a gradual factor for feed protein and vegetable oil supply.
euractiv.comAnke Schulmeister-OldenhoveApr 26, 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 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 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.
