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The European Parliament adopted a non-binding resolution on 15 September 2020 (543 votes to 47, 109 abstentions) calling for binding EU targets to protect forests, especially primary forests. MEPs also urged deforestation-free supply chains and trade agreements with binding anti-deforestation provisions.
If the Commission adopts deforestation-free import rules, soy, palm oil, beef and other forest-risk commodities sold into the EU could face compliance costs and sourcing restrictions, tightening supply of compliant feed proteins over time.
europarl.europa.euSep 16, 2020After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
