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An IDH report finds Europe is still buying tropical commodities that are not sustainably produced, with only 22% of soy and 28.5% of timber sourced responsibly. Palm oil was 74% certified, and only 30% of global cocoa was certified.
Low certified-sustainable shares signal likely tighter sourcing rules and premiums for compliant soy and palm oil, which could shift trade flows, but the report itself does not change current supply or prices.
idh.orgJun 11, 2019After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
