Loading…
Indigenous leaders and activists from several producer countries delivered a 164,000-signature petition to the European Commission in Brussels on 29 June 2018. The petition urges action on EU imports of soy, beef, palm oil and cocoa linked to deforestation.
Their visit followed a Fern/Forest Trends report on corporate commitments.
Advocacy pressure may lead to tighter EU sourcing rules for soy, palm oil and beef, but no concrete measure has been adopted, so the price impact is minimal.
fern.orgJul 11, 2018After 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.
