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The European Commission proposed considering both regulatory and non-regulatory measures to ensure EU consumption comes from deforestation-free supply chains. Proposals include stronger standards and certification for commodities such as coffee, cocoa, palm oil, soy and timber.
The plan sets direction for the next Commission taking office in November.
If the EU later imposes supply-chain rules, soy and palm oil imports could face traceability costs, which would tighten EU supply of those commodities and support their prices.
climatechangenews.comChloé FarandJul 23, 2019After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
