EU proposal to delay anti-deforestation rule bullish for palm oil: analysts

A proposed 12-month delay in implementing the EU’s anti-deforestation rules (EUDR) on agricultural imports is bullish for palm oil markets as it would likely drive higher-than-expected demand from the bloc, palm oil traders and analysts said Oct. 3. On Oct. 2, the European Commission proposed postponing an end-2024 deadline for curbing imports of key commodities linked with deforestation to the…A proposed 12-month delay in implementing the EU’s anti-deforestation rules (EUDR) on agricultural imports is bullish for palm oil markets as it would likely drive higher-than-expected demand from the bloc, palm oil traders and analysts said Oct. 3. On Oct. 2, the European Commission proposed postponing an end-2024 deadline for curbing imports of key commodities linked with deforestation to the…Read More