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The Environmental Justice Foundation urged EU action to curb deforestation linked to EU consumption, which it estimates causes around 10% of global deforestation. The piece cites record tropical rainforest loss in 2019 and says 2020 losses may be worse.
It calls on the public to support a proposed EU regulation.
This is advocacy for a possible EU regulation rather than a decision, so it has little immediate effect on feed commodity prices. Any eventual rule could reduce EU demand for deforestation-linked soy and other commodities.
ejfoundation.orgEJF StaffNov 4, 2020After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% 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.
