# Friday, 23 February 2024 | EU Deforestation Regulation: Building an effective compliance readiness plan (14:00 CET)

> An EY notice promotes a 23 February 2024 webcast on building an EUDR compliance readiness plan. It states that due diligence statements verifying deforestation-free and legal status become required by 30 December 2024 for products including cattle, cocoa, coffee, palm oil, soybeans, rubber and wood. Businesses are advised to assess operational, trade, legal and cost impacts now.

- Date: 2024-02-23 · published 2024-02-23T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/31735-friday-23-february-2024-eu-deforestation-regulation-building-an-effective
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Upcoming due diligence deadlines may push importers to restrict or re-route soy, palm oil and cattle-linked supplies, adding a compliance premium for EU-bound feed ingredients.

## Read by commodity

- SOY: neutral
- LCATTLE: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-10-29 | [EU Deforestation Regulation: preparing for compliance](https://feedsoft.ai/events/17130-eu-deforestation-regulation-preparing-for-compliance.md) | -1.5% | — |
| SOY | 2025-02-06 | [EUDR Regulation on Deforestation-free Products \| GA-Alliance](https://feedsoft.ai/events/26072-eudr-regulation-on-deforestation-free-products-ga-alliance.md) | -2.8% | -4.1% |
| SOY | 2025-07-02 | [A comprehensive overview of the EU deforestation regulation](https://feedsoft.ai/events/23776-a-comprehensive-overview-of-the-eu-deforestation-regulation.md) | -1.2% | -5.6% |
| SOY | 2025-02-01 | [Navigating EU Deforestation Regulation: from guidelines to best practices](https://feedsoft.ai/events/26532-navigating-eu-deforestation-regulation-from-guidelines-to-best-practices.md) | +0.7% | -4.2% |
| SOY | 2026-08-12 | [EU Deforestation Regulation: European Commission provides further clarity for businesses ahead of its entry into force at the end of 2026](https://feedsoft.ai/events/17930-eu-deforestation-regulation-european-commission-provides-further-clarity-for.md) | +4.6% | +12.9% |
| PALMOIL | 2025-02-06 | [EUDR Regulation on Deforestation-free Products \| GA-Alliance](https://feedsoft.ai/events/26072-eudr-regulation-on-deforestation-free-products-ga-alliance.md) | +4.4% | +3.3% |
| PALMOIL | 2025-02-01 | [Navigating EU Deforestation Regulation: from guidelines to best practices](https://feedsoft.ai/events/26532-navigating-eu-deforestation-regulation-from-guidelines-to-best-practices.md) | +3.6% | +3.5% |
| PALMOIL | 2025-06-11 | [2025-30: Plant Exports – European Union Deforestation Regulation - DAFF](https://feedsoft.ai/events/24241-2025-30-plant-exports-european-union-deforestation-regulation-daff.md) | +2.7% | +6.2% |

## Sources

- globaltaxnews.ey.com: https://globaltaxnews.ey.com/news/2024-5009-friday-23-february-2024-eu-deforestation-regulation-building-an-effective-compliance-readiness-plan-1400-cet

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