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The Rainforest Alliance welcomed the EU's renewed commitment to reduce deforestation as set out in the Commission's communication. It backed further exploration of regulatory measures on imported deforestation and a new multi-stakeholder platform.
Support from certification groups for possible regulation on imported commodities hints at future sourcing requirements for soy and palm oil, but it has no immediate price effect.
rainforest-alliance.orgJul 24, 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.
