# EU proposes to delay landmark anti-deforestation law by 12 months

> The European Commission proposed delaying the EU Deforestation Regulation by one year. The rule would have required importers of soy, beef, cocoa, coffee, palm oil, timber and rubber to prove their supply chains did not contribute to deforestation, or face fines.

- Date: 2024-10-02 · published 2024-10-02T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/27893-eu-proposes-to-delay-landmark-anti-deforestation-law-by-12-months
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A one-year delay removes an immediate compliance deadline for major feed and oilseed importers into the EU. This reduces near-term disruption risk for soy and palm oil flows and is mildly bullish for palm oil prices.

## Read by commodity

- SOY: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-10-03 | [EU proposal to delay anti-deforestation rule bullish for palm oil: analysts \| S&P Global](https://feedsoft.ai/events/7240-eu-proposal-to-delay-anti-deforestation-rule-bullish-for-palm-oil-analysts-s.md) | -0.9% | +1.5% |
| PALMOIL | 2023-11-09 | [Indonesia, Malaysia seek more time to implement EU anti-deforestation law \| Euractiv](https://feedsoft.ai/events/33208-indonesia-malaysia-seek-more-time-to-implement-eu-anti-deforestation-law.md) | +3.4% | -1.1% |
| PALMOIL | 2022-02-21 | [EU: Member states call for delay of EU anti-deforestation law - Business and Human Rights Centre](https://feedsoft.ai/events/42740-eu-member-states-call-for-delay-of-eu-anti-deforestation-law-business-and-human.md) | +2.9% | +11.3% |
| PALMOIL | 2025-01-31 | [Critical Moment for the EU Anti-Deforestation Law \| Human Rights Watch](https://feedsoft.ai/events/26536-critical-moment-for-the-eu-anti-deforestation-law-human-rights-watch.md) | +2.1% | +6.1% |
| PALMOIL | 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) | +1.1% | +13.6% |
| SOY | 2026-03-04 | [EU Proposes to Trim Anti-Deforestation Rules to Ease Rollout](https://feedsoft.ai/events/20178-eu-proposes-to-trim-anti-deforestation-rules-to-ease-rollout.md) | +2.7% | +1.3% |
| SOY | 2024-09-24 | [Commission insists no plans to delay anti-deforestation law \| Euronews](https://feedsoft.ai/events/28332-commission-insists-no-plans-to-delay-anti-deforestation-law-euronews.md) | +1.7% | -5.6% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/eu-proposes-12-month-delay-deforestation-regulation-2024-10-02/

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