# EU attempts to smooth South American complaints over deforestation policy

> The EU will require importers of soy, beef, coffee, palm oil and other commodities to prove their supply chains do not cause deforestation, starting at the end of December. The EU is seeking to address complaints from South American countries about the policy.

- Date: 2024-03-13 · published 2024-03-13T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/31222-eu-attempts-to-smooth-south-american-complaints-over-deforestation-policy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

South American exporters face added traceability costs and possible trade friction, which could shift soymeal and soy oil flows and affect regional pricing.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-04 | [Drawing out links between the Common Agricultural Policy, soy, and deforestation in South America - Fern](https://feedsoft.ai/events/71038-drawing-out-links-between-the-common-agricultural-policy-soy-and-deforestation.md) | -0.4% | -5.5% |
| SOY | 2017-05-02 | [FiBL - Report on the EU Common Agricultural Policy and deforestation](https://feedsoft.ai/events/71041-fibl-report-on-the-eu-common-agricultural-policy-and-deforestation.md) | -0.3% | -4.8% |
| SOY | 2024-03-28 | [The EU deforestation free-products regulation: a critical overview - EPICC](https://feedsoft.ai/events/31224-the-eu-deforestation-free-products-regulation-a-critical-overview-epicc.md) | -1.0% | -2.5% |
| SOY | 2018-12-18 | [Finally: European Commission announces plans to act on deforestation \| WWF](https://feedsoft.ai/events/61586-finally-european-commission-announces-plans-to-act-on-deforestation-wwf.md) | -2.3% | -1.1% |
| SOY | 2019-05-07 | [Timberbiz EU publishes results of public consultation on deforestation - Timberbiz](https://feedsoft.ai/events/59115-timberbiz-eu-publishes-results-of-public-consultation-on-deforestation-timberbiz.md) | -3.2% | +7.9% |
| SBM | 2017-05-04 | [Drawing out links between the Common Agricultural Policy, soy, and deforestation in South America - Fern](https://feedsoft.ai/events/71038-drawing-out-links-between-the-common-agricultural-policy-soy-and-deforestation.md) | -0.3% | -5.4% |
| SBM | 2017-05-02 | [FiBL - Report on the EU Common Agricultural Policy and deforestation](https://feedsoft.ai/events/71041-fibl-report-on-the-eu-common-agricultural-policy-and-deforestation.md) | -1.5% | -5.3% |
| SBM | 2025-09-23 | [EU to delay anti-deforestation law by another year \| Reuters](https://feedsoft.ai/events/22875-eu-to-delay-anti-deforestation-law-by-another-year-reuters.md) | -3.5% | +2.2% |

## Sources

- reuters.com: https://www.reuters.com/sustainability/eu-attempts-smooth-south-american-complaints-over-deforestation-policy-2024-03-13/

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