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France's Ecology Minister Nicolas Hulot unveiled a new five-year climate plan that aims to end imports of products linked to deforestation, including palm oil and soy. The plan covers tropical forest protection in the Amazon, West Africa and Southeast Asia.
Mighty Earth welcomed the move.
If enforced, restrictions on deforestation-linked palm oil and soy imports into France could gradually shift demand toward certified supplies, though the effect on prices is expected to be small in the near term.
mightyearth.orgJul 12, 2017After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
