# The Race to Map the World and Protect $110 Billion of Trade

> A Bloomberg piece says large companies handling palm oil, cattle, rubber, wood and other covered products must prove their supply chains did not involve land deforested after 2020. The article frames the rules as protecting about $110 billion of trade.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/29776-the-race-to-map-the-world-and-protect-110-billion-of-trade
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The traceability requirement could reshape sourcing for EU-bound feed inputs such as soy and palm products, though its direct price effect is limited.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-07-02 | [Stepping up EU action to protect and restore the world's forests \| European Committee of the Regions](https://feedsoft.ai/events/52140-stepping-up-eu-action-to-protect-and-restore-the-world-s-forests-european.md) | +3.0% | +9.6% |
| PALMOIL | 2019-07-23 | [EU Communication (2019) on stepping up EU action to protect and restore the world’s forests - European Commission](https://feedsoft.ai/events/58112-eu-communication-2019-on-stepping-up-eu-action-to-protect-and-restore-the-world.md) | +0.8% | +7.8% |
| PALMOIL | 2023-01-06 | [Deforestation: proposed EU import ban may fail to protect tropical rainforests and farmers – here’s how it should work](https://feedsoft.ai/events/37818-deforestation-proposed-eu-import-ban-may-fail-to-protect-tropical-rainforests.md) | -2.3% | -3.1% |
| PALMOIL | 2017-11-04 | [Palm Oil News - Palm Oil Producers of the World Met in Bali to discuss Issues](https://feedsoft.ai/events/67869-palm-oil-news-palm-oil-producers-of-the-world-met-in-bali-to-discuss-issues.md) | +0.4% | -4.4% |
| PALMOIL | 2026-04-16 | [Q&A on EUDR: main provisions for operators and traders](https://feedsoft.ai/events/19735-q-and-a-on-eudr-main-provisions-for-operators-and-traders.md) | +0.8% | -0.8% |
| SOY | 2020-07-02 | [Stepping up EU action to protect and restore the world's forests \| European Committee of the Regions](https://feedsoft.ai/events/52140-stepping-up-eu-action-to-protect-and-restore-the-world-s-forests-european.md) | +0.5% | -0.2% |
| SOY | 2019-07-23 | [EU Communication (2019) on stepping up EU action to protect and restore the world’s forests - European Commission](https://feedsoft.ai/events/58112-eu-communication-2019-on-stepping-up-eu-action-to-protect-and-restore-the-world.md) | -0.3% | -3.9% |
| SOY | 2019-07-25 | [Trump administration reveals details of $16 billion farm bailout in U.S. trade war - The Washington Post](https://feedsoft.ai/events/58071-trump-administration-reveals-details-of-16-billion-farm-bailout-in-u-s-trade.md) | -3.0% | -3.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/graphics/2024-eu-deforestation-regulation-eudr-supply-chain/

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