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The European Committee of the Regions adopted an opinion calling for policy coherence to protect and restore the world's forests. It urges EU action to guarantee consumption of deforestation-free supply chains, with traceability and enforcement for products such as coffee, cocoa, palm oil and livestock products.
Pressure for deforestation-free supply chains could raise traceability costs for palm oil, soy and beef sourced into Europe, a gradual rather than immediate price driver.
cor.europa.euJul 2, 2020After 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.
After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
