# EU lawmakers seek change to deforestation law and approve delay

> European lawmakers approved a delay to the EU Deforestation Regulation, which was due to take effect on 30 December, and sought changes to the law. The regulation requires products sold in Europe, including coffee, palm oil, rubber, soy and wood, to be free of deforestation.

- Date: 2024-12-01 · published 2024-12-01T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/27445-eu-lawmakers-seek-change-to-deforestation-law-and-approve-delay
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A delayed and possibly loosened rule reduces compliance costs and documentation burdens for soy and palm oil supply chains into the EU, which is modestly supportive for trade flows in the near term.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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) | +3.7% | -2.6% |
| 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% |
| SOY | 2024-10-02 | [EU proposes to delay landmark anti-deforestation law by 12 months](https://feedsoft.ai/events/27893-eu-proposes-to-delay-landmark-anti-deforestation-law-by-12-months.md) | -3.9% | -8.7% |
| 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% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/european-parliament-approves-one-year-delay-eu-anti-deforestation-law-2024-11-14/

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