# Brazil Risks Losing Soy Sales to Europe Over Forest Protection Law Compliance - Bloomberg

> Bloomberg reports that Brazil risks losing soy sales to Europe because of EU rules requiring proof that commodities are not linked to deforestation and comply with local law. The EU requirements take effect in 2025 and Brazil's Forest Code compliance is the key concern.

- Date: 2023-09-25 · published 2023-09-25T12:00:00.000Z
- Category: policy · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/34126-brazil-risks-losing-soy-sales-to-europe-over-forest-protection-law-compliance
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

If Brazilian soy struggles to meet EU documentation rules, some volumes could be redirected, putting mild pressure on Brazilian soy and meal prices relative to other origins.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-10-02 | [Doubts over legal compliance put Brazil’s soy exports to the EU at risk - Insights - Trase](https://feedsoft.ai/events/33664-doubts-over-legal-compliance-put-brazil-s-soy-exports-to-the-eu-at-risk.md) | -0.7% | +1.7% |
| SOY | 2021-11-16 | [EU Targets Key Commodities in New Rules to Prevent Deforestation - Bloomberg](https://feedsoft.ai/events/44101-eu-targets-key-commodities-in-new-rules-to-prevent-deforestation-bloomberg.md) | +1.4% | +0.2% |
| SOY | 2019-12-16 | [EU action to protect the world’s forests – Council adopts conclusions - PubAffairs Bruxelles](https://feedsoft.ai/events/55607-eu-action-to-protect-the-world-s-forests-council-adopts-conclusions-pubaffairs.md) | +2.3% | +2.3% |
| SOY | 2018-12-03 | [Hardening international soft law frameworks into EU measures to address forest-risk commodities - Fern](https://feedsoft.ai/events/61583-hardening-international-soft-law-frameworks-into-eu-measures-to-address-forest.md) | +1.7% | +0.0% |
| SOY | 2020-11-27 | [Sustainable supply chains - one step closer to UK legislation on deforestation risks - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/50186-sustainable-supply-chains-one-step-closer-to-uk-legislation-on-deforestation.md) | -1.3% | +6.7% |
| SBM | 2020-11-09 | [Europe wants to limit imports of soy from Brazil - News Cereals \| Boerenbusiness. Nl](https://feedsoft.ai/events/50189-europe-wants-to-limit-imports-of-soy-from-brazil-news-cereals-boerenbusiness-nl.md) | +1.5% | +1.1% |
| SBM | 2024-03-13 | [EU attempts to smooth South American complaints over deforestation policy](https://feedsoft.ai/events/31222-eu-attempts-to-smooth-south-american-complaints-over-deforestation-policy.md) | -0.7% | -2.5% |
| SBM | 2026-10-29 | [Brazil’s soybean oil production could reach 13.5 mln tons, while exports decline](https://feedsoft.ai/events/1331-brazil-s-soybean-oil-production-could-reach-13-5-mln-tons-while-exports-decline.md) | -3.3% | — |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-09-25/brazil-risks-losing-soy-sales-to-europe-over-forestry-compliance

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