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Forest Trends welcomed the European Commission's plan on commodity-driven deforestation while criticising its reliance on voluntary partnerships. The group said the EU should move faster toward legally binding regulation of imports of palm oil, soy, timber and other commodities.
The advocacy push for binding import rules raises the prospect of future compliance costs for soy and palm oil supply chains, but the plan itself is non-binding and has no immediate price effect.
forest-trends.orgGenevieve BennettJul 25, 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.
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.
