Intercontinental Exchange Inc. is holding off on planned changes in coffee and cocoa markets to comply with the European Union’s deforestation regulation amid uncertainty over when the laws would take effect.
The EUDR, originally slated to be implemented at the end of 2024, is already facing a proposed one-year delay. The timing was further complicated on Thursday after the European Parliament asked for more changes to the laws. That makes it “unclear at this time if the delay will be adopted or if the EUDR will enter into application” on Dec. 30, ICE said in a Friday statement.