# EU Parliament gives final approval to deforestation law delay | Reuters

> The European Parliament gave final approval to the one-year delay of the EU deforestation law. The law requires companies placing soy, beef, coffee, palm oil and other products on the EU market to prove their supply chains do not contribute to deforestation. The delay had been needed because the law was initially due to take effect on 30 December 2024.

- Date: 2024-12-17 · published 2024-12-17T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/26991-eu-parliament-gives-final-approval-to-deforestation-law-delay-reuters
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Final approval locks in the timeline, so palm oil and soy exporters to the EU face no compliance change until late 2025. The effect on prices is limited for now.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-12-18 | [Delay to EU deforestation law confirmed after countries approve \| Reuters](https://feedsoft.ai/events/26988-delay-to-eu-deforestation-law-confirmed-after-countries-approve-reuters.md) | -2.1% | -12.9% |
| PALMOIL | 2025-11-26 | [European Parliament supports year-long deforestation law delay \| Reuters](https://feedsoft.ai/events/21985-european-parliament-supports-year-long-deforestation-law-delay-reuters.md) | +1.9% | +0.1% |
| PALMOIL | 2024-07-05 | [EU resists calls to delay deforestation law, letter shows \| Reuters](https://feedsoft.ai/events/29291-eu-resists-calls-to-delay-deforestation-law-letter-shows-reuters.md) | -2.5% | -1.9% |
| PALMOIL | 2024-12-01 | [EU lawmakers seek change to deforestation law and approve delay](https://feedsoft.ai/events/27445-eu-lawmakers-seek-change-to-deforestation-law-and-approve-delay.md) | +2.8% | -3.1% |
| PALMOIL | 2025-11-11 | [EU countries seek another year-long deforestation law delay \| Reuters](https://feedsoft.ai/events/21988-eu-countries-seek-another-year-long-deforestation-law-delay-reuters.md) | +0.6% | +1.0% |
| SOY | 2024-12-18 | [Delay to EU deforestation law confirmed after countries approve \| Reuters](https://feedsoft.ai/events/26988-delay-to-eu-deforestation-law-confirmed-after-countries-approve-reuters.md) | -0.2% | +4.3% |
| SOY | 2024-12-01 | [EU lawmakers seek change to deforestation law and approve delay](https://feedsoft.ai/events/27445-eu-lawmakers-seek-change-to-deforestation-law-and-approve-delay.md) | +0.4% | -0.8% |
| SOY | 2024-07-05 | [EU resists calls to delay deforestation law, letter shows \| Reuters](https://feedsoft.ai/events/29291-eu-resists-calls-to-delay-deforestation-law-letter-shows-reuters.md) | -2.9% | -13.1% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/eu-parliament-gives-final-approval-deforestation-law-2024-12-17/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.