# EU pushes purge of deforestation-linked goods amid wider traceability drive | Global Trade Review (GTR)

> Global Trade Review reports that firms are beginning to prepare for the EU deforestation regulation, with some in-scope companies already gathering geolocation data and contacting suppliers. The rules apply to imports from 30 December 2024, but goods may have been produced from earlier raw materials.

- Date: 2023-11-22 · published 2023-11-22T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/33214-eu-pushes-purge-of-deforestation-linked-goods-amid-wider-traceability-drive
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Early compliance activity is tightening supplier requirements for soy, palm oil, cattle and other covered goods heading to the EU. This adds cost and traceability pressure on supply chains ahead of the deadline.

## Read by commodity

- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-09-15 | [European bill passes to ban imports of deforestation-linked commodities](https://feedsoft.ai/events/39604-european-bill-passes-to-ban-imports-of-deforestation-linked-commodities.md) | -2.8% | -7.2% |
| SOY | 2022-01-27 | [EU imposes import ban on six goods to halt “imported deforestation” - Etifor](https://feedsoft.ai/events/43170-eu-imposes-import-ban-on-six-goods-to-halt-imported-deforestation-etifor.md) | +7.3% | +15.4% |
| SOY | 2023-05-18 | [EU bans imports linked to deforestation - Everstream Analytics](https://feedsoft.ai/events/35972-eu-bans-imports-linked-to-deforestation-everstream-analytics.md) | -0.9% | +6.8% |
| SOY | 2022-01-28 | [France pushes for EU deforestation law as activists seek tougher measures  \| The National](https://feedsoft.ai/events/43171-france-pushes-for-eu-deforestation-law-as-activists-seek-tougher-measures-the.md) | +6.6% | +9.8% |
| SOY | 2019-01-30 | [Why you should support a new European law to combat global deforestation - Fern](https://feedsoft.ai/events/61117-why-you-should-support-a-new-european-law-to-combat-global-deforestation-fern.md) | +0.1% | -1.7% |
| PALMOIL | 2018-03-20 | [Greenpeace urges EU to do more to halt palm-oil driven deforestation](https://feedsoft.ai/events/66023-greenpeace-urges-eu-to-do-more-to-halt-palm-oil-driven-deforestation.md) | +0.2% | +0.5% |
| PALMOIL | 2022-09-15 | [European bill passes to ban imports of deforestation-linked commodities](https://feedsoft.ai/events/39604-european-bill-passes-to-ban-imports-of-deforestation-linked-commodities.md) | -1.4% | -6.5% |
| PALMOIL | 2024-01-15 | [EU Deforestation Regulation: considerations for commodities traders - Lexology](https://feedsoft.ai/events/32131-eu-deforestation-regulation-considerations-for-commodities-traders-lexology.md) | -0.2% | -1.4% |

## Sources

- gtreview.com: https://www.gtreview.com/news/sustainability/eu-pushes-purge-of-deforestation-linked-goods-amid-wider-traceability-drive/

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