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Chatham House analysis argues that an international framework regulating trade in timber would help curb illegal logging and deforestation, and would be more effective if extended to agricultural commodities. The piece notes there has been no rules-based international order on forests since the 1992 Earth Summit.
Possible future rules on deforestation-linked commodities such as soy and palm oil could raise compliance costs and restrict sourcing from certain origins, but the proposal is only a think-tank recommendation with no near-term price effect.
chathamhouse.orgDuncan BrackJun 11, 2019After 554 past neutral policy events, SOY 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, PALMOIL 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.
