AgricultureEnvironmentPolicy

EU Set to Exempt Small Farmers from Deforestation Regulations Amid Implementation Delays

European Union officials are preparing significant revisions to the bloc’s deforestation legislation, including exemptions for small-scale farmers. The law’s implementation has been postponed to 2026 following pressure from trading partners and technical challenges with the mandatory registration system.

Major Revisions to EU Deforestation Legislation

The European Union is preparing to exempt small-scale agricultural producers from key requirements of its landmark deforestation law, according to multiple officials familiar with the negotiations. The development comes as Brussels delays the legislation’s implementation for the second time, pushing the enforcement date to January 2026.

BusinessCommoditiesEconomy

BHP Reports Resilient Commodity Outlook Amid China Growth Moderation

BHP Group has signaled confidence in global commodity demand resilience even as it anticipates moderated growth in China. The mining giant reported mixed quarterly production results while continuing delicate negotiations with China’s state-run iron ore purchaser. CEO Mike Henry emphasized underlying strength in macroeconomic signals despite expected deceleration.

Mixed Production Results Amid Market Uncertainty

BHP Group, the world’s largest miner by market capitalization, has reported a 1% decline in iron ore production to 64 million tonne during the September quarter, according to the company’s production report. The decrease reportedly stemmed from planned maintenance upgrades at the company’s Western Australian facilities. Meanwhile, copper production increased by 4% and steelmaking coal output grew by 8% during the same period, suggesting diversified performance across the company’s commodity portfolio.