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The Good Growth Partnership, funded by the Global Environment Facility and led by UNDP, launched at the UN in New York to make soy, beef and palm oil supply chains more sustainable. It will work with Brazil, Indonesia, Liberia and Paraguay alongside the private sector and NGOs.
The programme may over time influence sourcing standards for soy, beef and palm oil in major producing countries. Its effect on prices is indirect and unlikely to be material in the near term.
thegef.orgSep 6, 2017After 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.
After 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.
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.
