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The IEEP published an analysis of the EU's role in global deforestation, citing 7.6 million hectares of forest lost yearly in 2010-2015 and 3.6 million hectares of primary rainforest lost in 2018. It notes the EU's high imports of palm oil, soy, cocoa and coffee.
The analysis reinforces the policy momentum toward curbing EU imports of deforestation-linked commodities, a possible long-run bearish factor for palm oil and soy demand, though it is background research with no immediate price effect.
ieep.euDec 20, 2019After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), 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.
