Intercontinental Exchange, Inc. announced on November 15, 2024, a delay in planned changes to its coffee and cocoa markets. These changes were intended to comply with the European Union’s deforestation regulation (EUDR).
The delay stems from uncertainty regarding when the EUDR laws would take effect, following a vote by the European Union Parliament on a one-year delay for the regulation's application date. The ultimate resolution by the European Union remains fluid.
To provide market participants with certainty, ICE is revising its implementation plan for amendments to the Coffee 'C' futures contract rules. This adjustment reflects the ongoing regulatory landscape and its impact on commodity markets.
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