Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, July 1
    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

    US Dollar Surge Sends Gold, Silver And Bitcoin Prices Tumbling

    June 26, 2026
    Commodities

    Top three energy and commodities trading platforms for UK investors (2026) – London Business News

    June 22, 2026
    Commodities

    Commodities Are Undervalued, Underowned and the Upside Potential Could Be Enormous

    June 22, 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

    Stock Market LIVE Updates: GIFT Nifty hints a muted start; US markets fall, Asia trades higher

    October 30, 2025
    Bitcoin

    St. Cloud Financial Credit Union Surpasses 10 Bitcoin In Member Custody Pilot

    March 26, 2026
    Bitcoin

    Billionaire Tim Draper Predicts Wave of Smaller Crypto Pojects Will Be Ported Over to Bitcoin (BTC) in ‘Major Trend’

    August 25, 2025
    What's Hot

    Stock Market Today, May 6: Markets Break New Ground on Hopes for U.S.-Iran Peace Deal

    May 6, 2026

    Navigating a cautious UK housing market in 2026 and why surveying insight matters more than ever – Ison

    April 15, 2026

    Trump Names SEC Crypto Task Force Head Selig as Next Nominee to Run U.S. CFTC

    October 25, 2025
    Most Popular

    les fondamentaux de l’or restent bons

    September 4, 2007

    Bitcoin Is Now A Legit Global Financial Player: Analysis

    March 11, 2026

    Incomplete sequence calling the path ahead

    November 10, 2025
    Editor's Picks

    Oracle Earnings Preview: Wall Street Eyes Cloud Growth and AI Spending

    March 10, 2026

    600K Bitcoin sera-t-il le point de basculement? La stratégie de Saylor étimule la vague institutionnelle

    July 8, 2025

    World’s Best Trade Finance Providers 2026: Global Winners

    February 12, 2026
    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.