# Regulation (EU) 2023/1115 on deforestation-free products

> A Croner-i feature explains that Regulation (EU) 2023/1115 requires operators to prove that soy, beef, palm oil, wood, cocoa, coffee, rubber and derived products do not come from recently deforested land. Compliance is due by December 2024, with a later deadline for micro and small enterprises.

- Date: 2023-11-15 · published 2023-11-15T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/33210-regulation-eu-2023-1115-on-deforestation-free-products
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Due-diligence requirements across soy and beef supply chains may raise compliance costs and favour traceable origins. This is a background regulatory factor with limited near-term price impact.

## Read by commodity

- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-11-28 | [2023-35: European Union Deforestation Regulation - DAFF](https://feedsoft.ai/events/33206-2023-35-european-union-deforestation-regulation-daff.md) | -1.8% | -1.2% |
| SOY | 2023-11-14 | [European Union Deforestation Regulation Compliance](https://feedsoft.ai/events/33217-european-union-deforestation-regulation-compliance.md) | -0.1% | -3.2% |
| SOY | 2023-11-15 | [Regulation (EU) 2023/1115 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation \| Knowledge for policy](https://feedsoft.ai/events/33205-regulation-eu-2023-1115-on-the-making-available-on-the-union-market-and-the.md) | +0.6% | -4.5% |
| SOY | 2022-09-13 | [Texts adopted - Deforestation Regulation ***I - Tuesday, 13 September 2022](https://feedsoft.ai/events/39602-texts-adopted-deforestation-regulation-i-tuesday-13-september-2022.md) | -5.7% | -11.3% |
| SOY | 2022-02-17 | [New EU rules for deforestation-free products: Great for forests, a double-edged sword for smallholders \| HCV Network](https://feedsoft.ai/events/42741-new-eu-rules-for-deforestation-free-products-great-for-forests-a-double-edged.md) | +4.7% | +5.1% |
| PALMOIL | 2024-01-15 | [Regulation on deforestation-free supply chains – 12 months left](https://feedsoft.ai/events/32132-regulation-on-deforestation-free-supply-chains-12-months-left.md) | -0.2% | -1.4% |
| PALMOIL | 2022-11-17 | [Oil palm smallholder farmers and EU deforestation regulation](https://feedsoft.ai/events/38693-oil-palm-smallholder-farmers-and-eu-deforestation-regulation.md) | -0.3% | -0.9% |
| PALMOIL | 2022-02-07 | [EU ministers to debate proposal on deforestation-related products on 21 February \| AGENCE EUROPE](https://feedsoft.ai/events/42736-eu-ministers-to-debate-proposal-on-deforestation-related-products-on-21.md) | -1.0% | +16.7% |

## Sources

- app.croneri.co.uk: https://app.croneri.co.uk/feature-articles/regulation-eu-20231115-deforestation-free-products

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