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The EU Council adopted conclusions on protecting and restoring the world's forests, asking the Commission to fast-track an assessment of demand-side measures to reduce the EU's land consumption footprint. Member states stressed that current global action is insufficient to halt deforestation.
Possible future EU regulation on deforestation-linked imports could raise compliance costs and affect demand for palm oil, soy and other commodities from forest-risk regions, but no binding measure is yet proposed.
pubaffairsbruxelles.euDec 16, 2019After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
