# New EUDR-obligations for importing products - Lexology

> Grant Thornton explains new importer obligations under the EUDR, requiring traceability of each lot to specific land plots using data such as satellite imagery. It lists covered products including cattle, cocoa, coffee, palm oil, soy, timber and rubber, with customs enforcement beginning December 30, 2024.

- Date: 2024-05-22 · published 2024-05-22T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/30262-new-eudr-obligations-for-importing-products-lexology
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher traceability costs for importers of soy, palm oil and cattle-derived products could reduce EU demand for non-compliant supply and raise premiums for verified origin.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-04-19 | [EUDR: New Supply Chain Obligations for Relevant Commodities and Products \| Arthur Cox LLP](https://feedsoft.ai/events/30765-eudr-new-supply-chain-obligations-for-relevant-commodities-and-products-arthur.md) | +2.5% | +7.2% |
| SOY | 2024-04-02 | [EUDR: Navigating the EU Regulation on Deforestation-Free Products](https://feedsoft.ai/events/30768-eudr-navigating-the-eu-regulation-on-deforestation-free-products.md) | -0.4% | -2.1% |
| SOY | 2024-04-03 | [Further obligations for traders of products with an impact on deforestation - the new EU Regulation 2023/1115 - Kochański & Partners](https://feedsoft.ai/events/30772-further-obligations-for-traders-of-products-with-an-impact-on-deforestation-the.md) | +0.0% | -2.4% |
| SOY | 2023-05-19 | [EU adopts new rules for deforestation-free products \| White & Case LLP](https://feedsoft.ai/events/35970-eu-adopts-new-rules-for-deforestation-free-products-white-and-case-llp.md) | -0.7% | +10.0% |
| SOY | 2024-03-15 | [Looking ahead: Implementing the EU Regulation on deforestation-free products \| ESG Advisory \| Legal Newsflash](https://feedsoft.ai/events/31223-looking-ahead-implementing-the-eu-regulation-on-deforestation-free-products-esg.md) | +2.6% | -0.6% |
| PALMOIL | 2024-04-19 | [EUDR: New Supply Chain Obligations for Relevant Commodities and Products \| Arthur Cox LLP](https://feedsoft.ai/events/30765-eudr-new-supply-chain-obligations-for-relevant-commodities-and-products-arthur.md) | -0.7% | -6.4% |
| PALMOIL | 2024-04-02 | [EUDR: Navigating the EU Regulation on Deforestation-Free Products](https://feedsoft.ai/events/30768-eudr-navigating-the-eu-regulation-on-deforestation-free-products.md) | +1.9% | -2.1% |
| PALMOIL | 2024-04-03 | [Further obligations for traders of products with an impact on deforestation - the new EU Regulation 2023/1115 - Kochański & Partners](https://feedsoft.ai/events/30772-further-obligations-for-traders-of-products-with-an-impact-on-deforestation-the.md) | +0.5% | -4.0% |

## Sources

- lexology.com: https://www.lexology.com/library/detail.aspx?g=a9970088-cc9e-4fb7-b585-b75eb40c9079

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