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Fern cites its study finding that the EU imported €6 billion of soy, palm oil, beef and leather linked to illegal tropical deforestation in 2012. It reports that EU import duties on forest-risk commodities are low, such as 3.8% on palm oil for food use.
The blog argues EU trade policy needs to better protect forests and communities.
Low EU import duties mean trade policy is unlikely to change flows of soy or palm oil soon, so the price impact is minimal unless tariffs or rules are actually revised.
fern.orgPerrine FournierJun 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.
