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The European Parliament's environment committee adopted a report calling on the Commission to create binding EU rules halting EU-driven global deforestation, by 45 votes to 11 with 25 abstentions. The report proposes mandatory due diligence, reporting and penalties for companies placing forest-risk commodities on the EU market.
Mandatory EU deforestation rules could eventually restrict imports of soy, palm oil, beef and other feed-relevant commodities, adding compliance costs and traceability requirements. The impact on prices is long-term and uncertain at this stage.
europarl.europa.euOct 1, 2020After 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.
