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amfori published a position paper urging recommendations for an EU due diligence law to prevent deforestation in supply chains. The European Commission is expected to propose such legislation in the first half of 2021.
The paper says EU-embodied deforestation accounts for about 10% of global deforestation.
Expected EU due diligence rules could tighten sourcing of soy, palm oil and beef for feed and food, a possible medium-term cost and supply-chain factor for feed buyers.
amfori.orgJan 23, 2021After 206 past neutral policy events, SBM 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, PALMOIL 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.
