Loading…
Former UN climate chief Christiana Figueres urged the European Union to act against deforestation linked to imported agricultural goods such as beef, soy and palm oil. She called for an EU action plan on the issue.
A possible EU action plan could eventually tighten import rules on commodities tied to deforestation, which could affect soy, palm oil and beef trade flows. This is a call for policy, not an enacted measure, so the near-term price effect is small.
climate-diplomacy.orgFrédéric Simon (EURACTIVSep 20, 2017
rapporteur.comFrédéric SimonSep 18, 2017After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% over 20.
After 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.
