Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, April 11
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»EUDR faces strong internal postponement pressures amidst ‘urgent’ commodity trade concerns
    Commodities

    EUDR faces strong internal postponement pressures amidst ‘urgent’ commodity trade concerns

    July 15, 20244 Mins Read


    The EUDR has received much criticism in recent months, particularly from palm oil industry experts​ and countries producing key commodities likely to be affected such as palm oil, cocoa and coffee – but now it has come under fire from within the EU parliament as well.

    This dissent was led by European Peoples’ Party (EPP) environmental spokesperson Peter Liese, which pushed for an ‘urgent’ postponement and ‘far less bureaucratic’ implementation of the EUDR.

    “The goal of the EUDR is correct, but its implementation is far too bureaucratic [and] the European Commission absolutely must postpone the entry into force of the deforestation regulation, then use the transitional period to reduce bureaucracy in the text,”​ he said via a formal statement.

    “We must do something about deforestation worldwide and take our responsibility seriously, [however] the regulation has been turned into a bureaucratic monster – Many small farmers around the world and even small forest owners in the European Union cannot work with the text. ​

    “The preparatory work that the Commission should have carried out has not been done [and many] countries are complaining massively about the legislation, including countries that are pursuing the same goal as we are, namely to stop deforestation. ​

    “Most recently, in a letter dated May 30, the Biden Administration from the U.S. [has also] urged the Commission to postpone the entry into force.”​

    Liese has proposed a two-year postponement of the EUDR to a January 1 2027 implementation using an ‘Urgent Procedure’ to revisit and revise the EUDR.

    “We can adopt the postponement in the short-term making use of the urgent procedure so that all sides have time to breathe, and then calmly discuss changes to the text that mean less bureaucracy but still protection against deforestation,”​ he said.

    One of the main concerns surrounding EUDR implementation on its originally-planned date of December 31 2024 is the impact on incoming commodities into the EU, and what this would mean for food, beverage and other production supply chains in this market.

    “Brussels is actually yet to release guidance on what EUDR compliance will look like for the regulation [and] appears no closer to providing this [though] it has been promising for months,”​ palm oil industry and trade commodities expert Khalil Manaf Hegarty told FoodNavigator-Asia​.

    “As EU businesses and exporting companies have pointed out numerous times, they commence preparing their EU-bound shipments about three months in advance [which means that] a January shipment arriving when the EUDR is in effect will be leaving within a matter of weeks.​

    “[We are also already seeing firms] such as Wilmar stating that smallholders will be excluded from supply chains exporting to the EU, not because they are illegal or having deforested [but] because the compliance through the supply chain is simply too burdensome.​

    “These companies have said they will continue to buy palm oil from smallholders but just ‘cannot send their oil to Europe’ so will keep it separate or transport this to markets not supplying to the EU, which has been acknowledged as a ‘very inefficient and often costly solution’, but they have no choice.”​

    FTA non-solution​

    Hegarty also highlighted how several Malaysian officials have been pushing for a fresh start to Malaysia-EU free trade agreement negotiations in hopes of using this as a gateway for national palm oil sustainability scheme Malaysian Sustainable Palm Oil (MSPO) to get a green light into the market.

    However, he cautioned against this as a strategy as a fallback due to the low probability of success.

    “Some officials in Putrajaya believe that a new negotiation with the EU would somehow resolve some of the Green Deal issues, particularly the EUDR, and that MSPO could be a key part of this – but really, Malaysia needs to keep its expectations in check,” ​he said.

    “One key reason [this is unlikely to work to give MSPO] a ‘green light’ is the mirror clause, which that Europe operates under.”​

    ‘Mirror clauses’ or ‘mirror measures’ represent the idea that any agri-food imports must mirror all social, environmental and sanitary production standards in the EU – such as environmental regulations, animal welfare rules, herbicide rules, wage rates and so on.

    “This mirror clause approach means that regulations that apply in the EU will need to apply to trade partners too,”​ he said.

    “So, as the EUDR will apply to Swedish foresters for example, it will also apply to Malaysian palm oil producers – it is thus unlikely that MSPO would be granted a ‘green light’ [to bypass EUDR requirements as part of an FTA].”​



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin Spikes as Failed Assassination Attempt Bolsters Trump’s Election Bid
    Next Article Stock Market Live: Markets open higher! Nifty below 24,600, Sensex up 170 points; Nifty Midcap 100 jumps 230 points – Market News

    Related Posts

    Commodities

    Rare earth: the commodities powering our AI future | Global X: Invest in innovation

    April 1, 2026
    Commodities

    Commodities as a Portfolio Hedge: A Beginner’s Guide

    March 25, 2026
    Commodities

    Why The Next Billion-Dollar Startup Will Be Built Around Commodities

    March 23, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Nasdaq tumbles despite soft CPI data, Nvidia falls 5.6% By Investing.com

    July 12, 2024
    Utilities

    Utilities Up on Treasury Yield, Inflation Views — Utilities Roundup

    April 9, 2026
    Property

    Reincarnation Of Next Dalai Lama, Identity Of Successor Must Be Approved By Beijing: China | World News

    July 2, 2025
    What's Hot

    10% stock market crash ahead? What Nifty’s bear case scenario looks like

    March 16, 2026

    The beautiful UK seaside town with ‘no tourists’ and houses for just £170,000 | UK | Travel

    July 4, 2025

    BTC price action looks dangerously similar to the pattern that sent it crashing to $60,000

    March 20, 2026
    Most Popular

    Alphabet rallies and leads the US stock market higher

    November 24, 2025

    Tehran calls ceasefire ’unreasonable’ after violation accusations By Investing.com

    April 8, 2026

    Gov. DeSantis rips House over late-session tax cut effort

    May 6, 2025
    Editor's Picks

    Bullish And Bearish Arguments Explained

    July 20, 2024

    From the Pyrenees to Los Angeles without getting off your sofa. How to shop for property in Virtual Reality

    August 16, 2024

    China’s growth slows sharply as tariffs bite

    August 15, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.