# Doubts over legal compliance put Brazil’s soy exports to the EU at risk - Insights - Trase

> A Trase and ICV report from October 2, 2023 finds that 16% of soy production in the Amazon and Cerrado in 2020, about 3 million hectares, was on farms that did not comply with Brazil's Forest Code. The report warns that gaps in official data may make it hard for traders to prove compliance with the EUDR.

- Date: 2023-10-02 · published 2023-10-02T12:00:00.000Z
- Category: policy · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/33664-doubts-over-legal-compliance-put-brazil-s-soy-exports-to-the-eu-at-risk
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

If Brazilian soy cannot be verified as compliant, EU buyers may cut purchases, which would weigh on Brazilian soy export demand and shift flows toward other origins.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-09-25 | [Brazil Risks Losing Soy Sales to Europe Over Forest Protection Law Compliance - Bloomberg](https://feedsoft.ai/events/34126-brazil-risks-losing-soy-sales-to-europe-over-forest-protection-law-compliance.md) | -1.6% | +0.5% |
| SOY | 2017-12-12 | [The abolition of export VAT refund will lead to lower incomes of agrarians — Petrashko — Latifundist.com](https://feedsoft.ai/events/67584-the-abolition-of-export-vat-refund-will-lead-to-lower-incomes-of-agrarians.md) | -2.1% | -3.6% |
| SOY | 2017-04-21 | [Parliament resolves to tackle EU’s role in driving illegal deforestation through imports of agro-commodities \| Earthsight](https://feedsoft.ai/events/71524-parliament-resolves-to-tackle-eu-s-role-in-driving-illegal-deforestation.md) | -0.1% | -0.2% |
| SOY | 2021-12-15 | [The Government reduces export duties on some agro-industrial products to zero](https://feedsoft.ai/events/14068-the-government-reduces-export-duties-on-some-agro-industrial-products-to-zero.md) | +3.9% | +10.5% |
| SOY | 2023-12-21 | [Changes in Argentina should boost the country’s soymeal and soyoil exports](https://feedsoft.ai/events/32788-changes-in-argentina-should-boost-the-country-s-soymeal-and-soyoil-exports.md) | -0.2% | -6.4% |

## Sources

- trase.earth: https://trase.earth/insights/doubts-over-legal-compliance-put-brazil-s-soy-exports-to-the-eu-at-risk

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