# EU observatory covering deforestation and forest degradation worldwide goes live - Joint Research Centre

> The EU Joint Research Centre launched a public observatory mapping deforestation and forest degradation worldwide, using a 2020 global forest map. The tool is intended to support the EU's deforestation-free import rules.

- Date: 2023-12-08 · published 2023-12-08T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/32720-eu-observatory-covering-deforestation-and-forest-degradation-worldwide-goes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Improved traceability tools strengthen enforcement of the EUDR, which could gradually raise compliance requirements for soy and palm oil entering the EU. Near-term price effect is minimal.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-02-28 | [Stepping up EU action on deforestation and forest degradation – Global Canopy](https://feedsoft.ai/events/60626-stepping-up-eu-action-on-deforestation-and-forest-degradation-global-canopy.md) | -1.5% | -1.8% |
| SOY | 2022-06-28 | [Council agrees on new rules to drive down deforestation and forest degradation globally](https://feedsoft.ai/events/40965-council-agrees-on-new-rules-to-drive-down-deforestation-and-forest-degradation.md) | -3.4% | -6.0% |
| SOY | 2022-07-03 | [New rules to drive down deforestation and forest degradation globally – The European Times](https://feedsoft.ai/events/40523-new-rules-to-drive-down-deforestation-and-forest-degradation-globally-the.md) | +0.9% | -2.0% |
| SOY | 2020-12-11 | [IEEP’s response to the public consultation on deforestation and forest degradation - IEEP AISBL](https://feedsoft.ai/events/49668-ieep-s-response-to-the-public-consultation-on-deforestation-and-forest.md) | +4.2% | +19.2% |
| SOY | 2021-10-29 | [Imported deforestation: how Europe contributes to tree loss worldwide, and what we can do about it \| Cirad](https://feedsoft.ai/events/44591-imported-deforestation-how-europe-contributes-to-tree-loss-worldwide-and-what.md) | -2.0% | +1.5% |
| PALMOIL | 2019-02-28 | [Stepping up EU action on deforestation and forest degradation – Global Canopy](https://feedsoft.ai/events/60626-stepping-up-eu-action-on-deforestation-and-forest-degradation-global-canopy.md) | -4.2% | -5.1% |
| PALMOIL | 2022-06-28 | [Council agrees on new rules to drive down deforestation and forest degradation globally](https://feedsoft.ai/events/40965-council-agrees-on-new-rules-to-drive-down-deforestation-and-forest-degradation.md) | -24.1% | -29.6% |
| PALMOIL | 2022-07-03 | [New rules to drive down deforestation and forest degradation globally – The European Times](https://feedsoft.ai/events/40523-new-rules-to-drive-down-deforestation-and-forest-degradation-globally-the.md) | -10.8% | -14.1% |

## Sources

- joint-research-centre.ec.europa.eu: https://joint-research-centre.ec.europa.eu/jrc-news-and-updates/eu-observatory-covering-deforestation-and-forest-degradation-worldwide-goes-live-2023-12-08_en

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