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Global Witness says EU financial institutions were among the main funders of six agribusiness companies linked to forest destruction, with about €7 billion lent between 2013 and 2019. It calls for mandatory due diligence covering both supply chains and investments.
The EU's consumption accounts for about 10% of global deforestation-linked crop and livestock production.
Pressure on banks and traders to exclude deforestation-linked agribusiness could raise financing costs for commodity exporters in Brazil and Southeast Asia. Any resulting rules would take time to affect feed supply.
globalwitness.orgFeb 3, 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.
