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Palm Oil Monitor responded to Greenpeace's 'Destruction: Certified' report, arguing it unfairly targets palm oil. Greenpeace said certification alone has not helped companies meet their 2020 deforestation pledges and called certification a weak tool.
The public dispute over certification credibility could influence EU lawmakers' approach to palm and soy sourcing rules. Any resulting policy shift would affect vegetable oil and soymeal supply chains only gradually.
foodnavigator.comFlora SoutheyMar 12, 2021After 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.
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.
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.
