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The UK government launched a consultation on proposals requiring businesses to assess supply chains for commodities linked to deforestation, including soy, palm oil, cattle, cocoa, timber, coffee and rubber. The move was announced at a COP31 forest leaders' event in Antalya.
The government says UK consumption of such goods was linked to about 29,000 hectares of deforestation in 2023.
Proposed UK due-diligence rules would add sourcing requirements for soy and palm oil, which could marginally shift demand toward deforestation-free origins. The price effect is small because the measures are still at consultation stage and cover a limited share of global trade.
gov.ukDepartmentNov 11, 2026After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), 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.
