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WWF urged EU Member States and the Commission to move beyond assessment and propose a new law guaranteeing that EU consumption does not drive deforestation. The statement followed the 16 December Agriculture and Fisheries Council meeting.
Calls for binding legislation raise the prospect of stricter import rules on forest-risk commodities, a potential bearish factor for palm oil and soy trade into the EU, though no proposal exists yet.
wwfmmi.orgDec 16, 2019After 400 past bearish policy events, PALMOIL 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, SOY 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.
