# EU ill-prepared to implement its own deforestation law, says grain trade association | Reuters

> Coceral, the EU grain trade association, said the EU is ill-prepared to implement the Deforestation Regulation (EUDR), which takes effect at end-December. Its head said both the European Commission and member state authorities are not ready, and the industry's required information system is not yet functional.

- Date: 2024-06-11 · published 2024-06-11T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/29771-eu-ill-prepared-to-implement-its-own-deforestation-law-says-grain-trade
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Importers of soy, palm oil, cattle and other covered goods face compliance uncertainty and possible delays, which could disrupt EU sourcing flows and shift trade patterns for these commodities.

## Read by commodity

- SBM: neutral
- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2025-11-12 | [Soy giants quietly prepare for EU deforestation law; impacts still uncertain](https://feedsoft.ai/events/21986-soy-giants-quietly-prepare-for-eu-deforestation-law-impacts-still-uncertain.md) | +3.6% | -2.0% |
| 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 | 2024-09-27 | [Malaysia to support palm oil producers' compliance with EU deforestation law \| Reuters](https://feedsoft.ai/events/28329-malaysia-to-support-palm-oil-producers-compliance-with-eu-deforestation-law.md) | +0.5% | -4.3% |
| 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 | 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 | 2024-09-27 | [Malaysia to support palm oil producers' compliance with EU deforestation law \| Reuters](https://feedsoft.ai/events/28329-malaysia-to-support-palm-oil-producers-compliance-with-eu-deforestation-law.md) | +6.8% | +9.7% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/eu-ill-prepared-implement-its-own-deforestation-law-says-grain-trade-association-2024-06-11/

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