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On Oct 2, 2024, the European Commission proposed delaying the EU anti-deforestation rule (EUDR) by 12 months, to end-2025 for large companies and June 30, 2026 for small firms. Traders said the delay could unlock stalled EU palm oil orders for 2025.
Postponing the rule would likely lift EU demand for palm and other covered commodities, and traders expect the vegetable oils complex to stay tight into Q2 2025.
spglobal.comAditya KondalamahantyOct 3, 2024After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
The EU proposal to delay the EUDR, which analysts called bullish, could unlock stalled EU palm orders and lifted sentiment on Oct 2-3.
