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An EIA campaign piece argues that the EU is a major driver of deforestation through its consumption of agricultural commodities. It says palm oil is improving on sustainability but that voluntary schemes have been slow and lack independent verification.
Sustainability pressure on palm oil can raise certification requirements and costs for suppliers over time. The impact on near-term prices is limited because the piece is advocacy commentary.
eia-international.org<span>Siobhan Pearce, Vanessa Richardson</span>Nov 7, 2018After 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.
