Loading…
Trase, a new global ecological tracking system built by the Stockholm Environment Institute and the Global Canopy Programme, was announced at the UN climate talks in Marrakech to trace commodities driving tropical deforestation. The article describes a Borneo landscape converted from rainforest to oil palm plantations.
Traceability tools may raise pressure on palm oil, soy and beef buyers to prove deforestation-free supply, which could tighten sourcing options over time. The near-term price effect is limited.
trellis.netFred PearceDec 30, 2016After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
