# European Union Deforestation Free Regulation (EUDR) - SGS e-Customs

> SGS e-Customs outlines the EUDR as part of the EU's Fit for 55 package, which aims to cut EU CO2 emissions by 55% by 2030 relative to 1990. The regulation covers seven commodities, including beef, cocoa, coffee, palm oil, soy, wood and rubber, and requires companies to collect supply-chain information and prove raw material origin. Without regulation, consumption of these goods was estimated to add about 248,000 hectares of deforestation per year by 2030.

- Date: 2024-02-22 · published 2024-02-22T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/31733-european-union-deforestation-free-regulation-eudr-sgs-e-customs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Origin-proof requirements on soy and palm oil could raise compliance costs and favor traceable supply chains, influencing relative prices and trade flows into the EU.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-06 | [European Union Deforestation Regulation (EUDR)- Scope Changes Announced  - BDO](https://feedsoft.ai/events/17927-european-union-deforestation-regulation-eudr-scope-changes-announced-bdo.md) | +1.2% | +13.0% |
| SOY | 2024-08-01 | [EU Deforestation Regulation (EUDR)](https://feedsoft.ai/events/29296-eu-deforestation-regulation-eudr.md) | -0.8% | -6.8% |
| SOY | 2024-09-26 | [Is the European Union Deforestation Regulation WTO-Proof? – ECIPE](https://feedsoft.ai/events/28330-is-the-european-union-deforestation-regulation-wto-proof-ecipe.md) | +0.3% | -5.3% |
| SOY | 2024-09-01 | [European Union Deforestation Regulation: What US companies should know](https://feedsoft.ai/events/28327-european-union-deforestation-regulation-what-us-companies-should-know.md) | +1.8% | +7.6% |
| SOY | 2024-08-29 | [The EU’s Regulation on Deforestation-Free Products (EUDR) \| Crowe](https://feedsoft.ai/events/28802-the-eu-s-regulation-on-deforestation-free-products-eudr-crowe.md) | +5.2% | +8.6% |
| PALMOIL | 2026-08-06 | [European Union Deforestation Regulation (EUDR)- Scope Changes Announced  - BDO](https://feedsoft.ai/events/17927-european-union-deforestation-regulation-eudr-scope-changes-announced-bdo.md) | +0.3% | +7.5% |
| PALMOIL | 2024-08-01 | [EU Deforestation Regulation (EUDR)](https://feedsoft.ai/events/29296-eu-deforestation-regulation-eudr.md) | -2.5% | +1.5% |
| PALMOIL | 2024-09-26 | [Is the European Union Deforestation Regulation WTO-Proof? – ECIPE](https://feedsoft.ai/events/28330-is-the-european-union-deforestation-regulation-wto-proof-ecipe.md) | +8.4% | +9.5% |

## Sources

- ecustoms.sgs.com: https://ecustoms.sgs.com/2024/02/22/european-union-deforestation-free-regulation-eudr/

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