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Twenty-six NGOs urged EU institutions to pass laws ensuring products sold in the EU are free from deforestation and human rights abuses, citing Amazon fires. They said EU member states fuel the crisis through imports of soy and beef, with Brazil supplying 19% of EU soy and 41% of EU beef imports.
The NGOs also called for suspending ratification of the EU-Mercosur trade agreement.
Pressure for EU rules and a possible stall of the EU-Mercosur deal could eventually limit Brazilian soy and beef access to Europe, though no measures are imminent.
fern.orgAug 29, 2019After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), 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.
