# EU lawmakers in talks to further weaken deforestation law, document shows

> EU lawmakers were in talks to further weaken the deforestation law, according to a document seen by Reuters. In its current form, the law would require importers of soy, beef, cocoa, coffee, palm oil, timber and rubber from December 30 to prove their supply chains did not contribute to deforestation.

- Date: 2024-11-07 · published 2024-11-07T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/27447-eu-lawmakers-in-talks-to-further-weaken-deforestation-law-document-shows
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker traceability requirements would ease the cost of selling soy and palm oil into the EU, but the proposals were still under negotiation, so the price impact is uncertain.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-05-26 | [Eleven countries demand EU weakens deforestation law further, document shows \| Reuters](https://feedsoft.ai/events/24694-eleven-countries-demand-eu-weakens-deforestation-law-further-document-shows.md) | -2.5% | -1.3% |
| 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 | 2024-12-01 | [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 | 2022-06-07 | [EU urged to widen deforestation law - Insights - Trase](https://feedsoft.ai/events/40969-eu-urged-to-widen-deforestation-law-insights-trase.md) | +0.5% | -7.0% |
| SOY | 2021-09-28 | [Satelligence Responds to Leaked EU Deforestation Law - Satelligence](https://feedsoft.ai/events/45100-satelligence-responds-to-leaked-eu-deforestation-law-satelligence.md) | -4.0% | -3.9% |
| PALMOIL | 2025-05-26 | [Eleven countries demand EU weakens deforestation law further, document shows \| Reuters](https://feedsoft.ai/events/24694-eleven-countries-demand-eu-weakens-deforestation-law-further-document-shows.md) | +2.5% | +5.4% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/eu-lawmakers-talks-further-weaken-deforestation-law-document-shows-2024-11-07/

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