EU deforestation-free product regulation, effective June 29, 2023, may impact international grain producers.

The EU's Regulation on Deforestation-free Products, effective from June 29, 2023, may impact international grain producers. Importers must prove products don't originate from recently deforested land. Canadian canola producers may benefit as managing palm oil becomes difficult. India and Russia aim to increase bilateral trade in agriculture and fertiliser by 50% by 2030. Early data suggests a 27% decrease in European barley production.

July 27, 2024
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