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Big traders’ plans for sustainable crops upended by EU delay

Economic Times LogoEconomic Times8h ago

Big traders’ plans for sustainable crops upended by EU delay - Economic Times

Quick Summary:

The European Union’s decision to delay deforestation-linked crop import rules creates uncertainty for traders and farmers, impacting prices and favoring lower-cost suppliers like Brazil.

The European Union’s move to delay rules that would ban the import of crops linked to deforestation is creating upheaval for big traders’ long-set plans to meet the new demand.

But the ongoing uncertainty surrounding the proposed delay is causing significant ripples across the market and may reduce premiums for EUDR-grade rubber in the short term, said Farah Miller, head of commodities at Smartkarma.


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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 09:54:27 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1477 words

Reading Time: 9 minutes read

Sentences: 41 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 22974649

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About Economic Times

Economic Times Logo

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 5 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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