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Fern argues that EU policies must reduce consumption of forest-risk commodities such as soy, palm oil, leather and beef to halt deforestation. It cites an estimate that EU consumption cleared forest area about the size of Portugal between 2010 and 2015.
The piece calls for changes to EU trade, climate, agricultural and energy policy, and for legal, sustainable supply chains.
Any binding EU demand-side curbs on forest-risk commodities would eventually trim import demand for soy and palm oil, but the proposals are advocacy without a near-term policy decision, so the price effect is limited.
fern.orgNicole PolstererJun 26, 2017After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.
