# EUDR: Is the food industry ready to prove its supply chains are deforestation-free?

> The food industry has until the end of 2024 to comply with the EUDR for cocoa, coffee, soy, palm oil, beef and their derivatives, including soybean meal and oil. Industry readiness is uncertain, and companies are being urged to map their supply chains now.

- Date: 2024-03-05 · published 2024-03-05T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/31226-eudr-is-the-food-industry-ready-to-prove-its-supply-chains-are-deforestation
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Compliance costs and the need to verify deforestation-free supply could reduce EU demand for non-compliant soy and palm products, pressuring prices for those origins.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-03-28 | [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 | 2023-05-03 | [EU Regulation on Deforestation-free products](https://feedsoft.ai/events/35974-eu-regulation-on-deforestation-free-products.md) | +0.9% | -9.7% |
| SOY | 2023-01-01 | [Regulation on Deforestation-free Products](https://feedsoft.ai/events/38269-regulation-on-deforestation-free-products.md) | -1.0% | +1.2% |
| SOY | 2022-11-14 | [7 Key Updates on the EU Deforestation-Free Products Regulation - Satelligence](https://feedsoft.ai/events/38688-7-key-updates-on-the-eu-deforestation-free-products-regulation-satelligence.md) | -1.9% | +0.3% |
| SBM | 2022-11-14 | [7 Key Updates on the EU Deforestation-Free Products Regulation - Satelligence](https://feedsoft.ai/events/38688-7-key-updates-on-the-eu-deforestation-free-products-regulation-satelligence.md) | +0.4% | +9.0% |
| SBM | 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) | +1.6% | +7.4% |
| 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% |

## Sources

- insights.figlobal.com: https://insights.figlobal.com/sustainability/eudr-is-the-food-industry-ready-to-prove-its-supply-chains-are-deforestation-free-

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