# EU deforestation law: Council reconfirms its agreement to extend application timeline

> The EU Council reiterated its support for a targeted amendment that would postpone the EU Deforestation Regulation's application date by 12 months, from 30 December 2024. The amendment must be adopted, signed and published in the Official Journal before 30 December to take effect. The regulation covers cattle, wood, cocoa, soy, palm oil, coffee, rubber and some derived products.

- Date: 2024-11-20 · published 2024-11-20T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/27443-eu-deforestation-law-council-reconfirms-its-agreement-to-extend-application
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The delay removes near-term compliance pressure on soy and palm oil exporters to the EU, so it has limited immediate price effect while the rules remain in place with a later start date.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-10-16 | [EU deforestation law: Council agrees to extend application timeline](https://feedsoft.ai/events/27892-eu-deforestation-law-council-agrees-to-extend-application-timeline.md) | +0.1% | +1.3% |
| SOY | 2024-12-03 | [Deforestation law: agreement with Council gives companies extra year to comply](https://feedsoft.ai/events/26989-deforestation-law-agreement-with-council-gives-companies-extra-year-to-comply.md) | +0.5% | +1.3% |
| 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 | 2024-12-17 | [EU Parliament gives final approval to deforestation law delay \| Reuters](https://feedsoft.ai/events/26991-eu-parliament-gives-final-approval-to-deforestation-law-delay-reuters.md) | -1.3% | +6.2% |
| SOY | 2024-09-11 | [Brazil asks EU to hold off on implementing deforestation law \| Reuters](https://feedsoft.ai/events/28333-brazil-asks-eu-to-hold-off-on-implementing-deforestation-law-reuters.md) | +2.9% | +4.0% |
| PALMOIL | 2024-12-03 | [Deforestation law: agreement with Council gives companies extra year to comply](https://feedsoft.ai/events/26989-deforestation-law-agreement-with-council-gives-companies-extra-year-to-comply.md) | +3.9% | -2.2% |
| 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 | 2024-12-17 | [EU Parliament gives final approval to deforestation law delay \| Reuters](https://feedsoft.ai/events/26991-eu-parliament-gives-final-approval-to-deforestation-law-delay-reuters.md) | -2.4% | -12.4% |

## Sources

- consilium.europa.eu: https://www.consilium.europa.eu/en/press/press-releases/2024/11/20/eu-deforestation-law-council-reconfirms-its-agreement-to-extend-application-timeline/pdf/

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