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The European Parliament adopted by 354 to 53 an own-initiative report by MEP Heidi Hautala calling for an EU action plan to ensure no supply chain or financial transaction linked to the EU causes deforestation. The report also urges binding measures in EU trade agreements.
Stronger EU deforestation rules could raise compliance costs and restrict imports of commodities such as palm oil and soy over time, though this is a non-binding parliamentary call.
agenceurope.euSep 11, 2018After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 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.
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.
