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A report by the Dutch NGO IDH says European food companies must move to zero deforestation, noting the EU used 34.4 million tonnes of soybeans, soy protein and soybean oil in 2017, about 12 percent of global soybean output. Only about 22 percent of that soy was sourced responsibly, according to the report.
Pressure on European buyers to source certified deforestation-free soy could raise premiums for compliant supply and shift sourcing away from non-compliant origins, though the effect on overall soy prices is modest.
europeandatajournalism.euSvetlana MitrovaSep 4, 2019After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% over 20.
After 349 past report events, Palm Oil moved a median +0.3% over 5 sessions (55% higher; middle half -1.0% to +2.0%), and +0.6% 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.
