# EU anti-deforestation law could affect 20% of Amazon soy

> Brazil's Environment Ministry estimates the EU anti-deforestation law could affect about 20% of soy and beef produced in the Brazilian Amazon and Cerrado. The commodities covered represent 34% of Brazil's trade with the EU, nearly $17.5 billion. Producers unable to demonstrate legality face the largest effect.

- Date: 2023-11-10 · published 2023-11-10T12:00:00.000Z
- Category: policy · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/33216-eu-anti-deforestation-law-could-affect-20-of-amazon-soy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

If a fifth of Amazon and Cerrado soy and beef is excluded or costlier to certify, EU-bound supply could tighten and reroute. This is a meaningful but still gradual factor for soy and meal pricing.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-02-21 | [EU: Member states call for delay of EU anti-deforestation law - Business and Human Rights Centre](https://feedsoft.ai/events/42740-eu-member-states-call-for-delay-of-eu-anti-deforestation-law-business-and-human.md) | +2.7% | +5.6% |
| 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% |
| SOY | 2022-09-13 | [WWF - European Parliament votes for a strong EU Deforestation law](https://feedsoft.ai/events/39610-wwf-european-parliament-votes-for-a-strong-eu-deforestation-law.md) | -5.7% | -11.3% |
| SOY | 2023-11-15 | [Regulation (EU) 2023/1115 on deforestation-free products](https://feedsoft.ai/events/33210-regulation-eu-2023-1115-on-deforestation-free-products.md) | +0.6% | -4.5% |
| 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% |
| SBM | 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) | -0.4% | -6.4% |
| SBM | 2022-09-14 | [EU groups say deforestation plan falls short \| World Grain](https://feedsoft.ai/events/39612-eu-groups-say-deforestation-plan-falls-short-world-grain.md) | -1.2% | -8.5% |
| SBM | 2020-09-11 | [Have your say on the EU’s deforestation policy \| Both ENDS](https://feedsoft.ai/events/51142-have-your-say-on-the-eu-s-deforestation-policy-both-ends.md) | +6.2% | +15.5% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/agribusiness/news/2023/11/10/eu-anti-deforestation-law-could-affect-20percent-of-amazon-soy.ghtml

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