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IEEP published its response to the European Commission's public consultation on deforestation and forest degradation, which closed 4 March 2020. The Commission aims to assess regulatory and non-regulatory measures, with a legislative initiative expected in 2021.
IEEP welcomed the EU's recognition as a major importer of agricultural commodities.
A future EU law restricting deforestation-linked imports could raise compliance costs and limit supply of soy, palm and cattle-linked products into Europe, a longer-term upward pressure on those commodity prices.
ieep.euMar 12, 2020After 172 past bullish policy events, SBM 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, PALMOIL 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.
