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NGOs and chairs of three European Parliament committees called on 5 November 2019 for an EU-wide due diligence regulation to curb deforestation and rights abuses in imported supply chains. Debate focused on whether the law should include labels, value-chain measures, or market access restrictions.
A future EU due diligence rule could raise compliance costs and restrict imports of commodities linked to deforestation, such as soy and palm oil, but no law has been adopted, so the near-term price effect is limited.
fern.orgNov 13, 2019After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
