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An analysis reported by the Guardian projects that Europe's consumption of beef, soy and palm oil could raise its contribution to global deforestation by more than a quarter by 2030. The finding contrasts with the EU's pledge to halt deforestation.
The projection signals possible future policy pressure on imports of soy and palm oil, but it has no near-term effect on supply or prices.
businessgreen.comArthir Neslen, the GuardianJul 3, 2017After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
