# Brazil asks EU to hold off on implementing deforestation law | Reuters

> Reuters reports that Brazil has asked the EU to hold off on implementing its deforestation law. The regulation covers soy, beef, palm oil, coffee, cocoa, rubber, wood and derivatives, and was adopted in June 2023 with 18 months for companies to adapt.

- Date: 2024-09-11 · published 2024-09-11T12:00:00.000Z
- Category: policy · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/28333-brazil-asks-eu-to-hold-off-on-implementing-deforestation-law-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Brazil's request signals possible delay of EU demand rules for its soy and beef exports, which could support Brazilian export flexibility but adds uncertainty to EU-bound volumes.

## Read by commodity

- SOY: neutral
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-06-11 | [EU ill-prepared to implement its own deforestation law, says grain trade association \| Reuters](https://feedsoft.ai/events/29771-eu-ill-prepared-to-implement-its-own-deforestation-law-says-grain-trade.md) | -2.6% | -4.0% |
| 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 | 2024-07-05 | [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 | 2024-12-18 | [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 | 2025-10-21 | [EU eases deforestation law for smallholders but keeps 2025 start \| Reuters](https://feedsoft.ai/events/22426-eu-eases-deforestation-law-for-smallholders-but-keeps-2025-start-reuters.md) | +3.4% | +12.2% |
| LCATTLE | 2021-11-17 | [EU proposes law preventing import of goods linked to deforestation](https://feedsoft.ai/events/44100-eu-proposes-law-preventing-import-of-goods-linked-to-deforestation.md) | +2.0% | +4.4% |
| LCATTLE | 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) | -0.7% | -0.5% |
| LCATTLE | 2017-10-03 | [INTERVIEW: Brazil urges EU to trust its deforestation data - Foreurope](https://feedsoft.ai/events/68514-interview-brazil-urges-eu-to-trust-its-deforestation-data-foreurope.md) | +2.3% | +9.6% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/brazil-asks-eu-hold-off-implementing-deforestation-law-2024-09-11/

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