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A new Transport & Environment report says a free trade agreement between the EU and Mercosur could undermine Europe's move away from unsustainable transport biofuels. It warns that removing trade barriers could increase imports of Argentine soy biodiesel if sustainability safeguards are absent.
The report cites Canada's earlier lobbying during CETA talks.
Lower trade barriers could bring more soy-based biodiesel into the EU, which would support soy oil demand. The effect depends on future trade deal terms.
transportenvironment.orgJul 6, 2017After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
