# World’s Top Food Producers Push Back on Deforestation Rules - Bloomberg

> The world's largest agricultural producers are pushing back against EU rules requiring proof that products are not linked to deforested land. Producers argue the rules will raise the cost of making food. Brazil is cited as the latest source of the backlash.

- Date: 2023-08-09 · published 2023-08-09T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/34615-world-s-top-food-producers-push-back-on-deforestation-rules-bloomberg
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Opposition from major producers signals possible delays or softening of the EU rules, which would reduce near-term pressure on soy and palm oil exports. The story itself does not change current prices.

## Read by commodity

- SBM: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-02-08 | [RTRS implements world´s first zero deforestation standard for soy production – RTRS](https://feedsoft.ai/events/72511-rtrs-implements-world-s-first-zero-deforestation-standard-for-soy-production.md) | +1.1% | -2.8% |
| SBM | 2022-03-15 | [Strengthening the EU regulation on deforestation-free products - Insights - Trase](https://feedsoft.ai/events/42298-strengthening-the-eu-regulation-on-deforestation-free-products-insights-trase.md) | -6.5% | -11.2% |
| SBM | 2023-02-22 | [Food companies under pressure to source deforestation-free products under new EU law \| articles \| ING THINK](https://feedsoft.ai/events/37352-food-companies-under-pressure-to-source-deforestation-free-products-under-new.md) | -2.2% | -7.2% |
| SBM | 2022-03-21 | [Strengthening the EU regulation on deforestation-free products – Global Canopy](https://feedsoft.ai/events/42305-strengthening-the-eu-regulation-on-deforestation-free-products-global-canopy.md) | +1.4% | -3.3% |
| SBM | 2024-07-10 | [New study on the unintended effects of the EU’s Regulation on Deforestation-free products - Clever](https://feedsoft.ai/events/29297-new-study-on-the-unintended-effects-of-the-eu-s-regulation-on-deforestation.md) | -9.3% | -6.5% |
| PALMOIL | 2021-09-14 | [EU mulling rules to stop import of ‘deforestation’ products – EUobserver](https://feedsoft.ai/events/45098-eu-mulling-rules-to-stop-import-of-deforestation-products-euobserver.md) | -0.8% | +12.8% |
| PALMOIL | 2026-06-30 | [EU Adds Palm Oil for Medicines, Soy Seeds to Deforestation Carve-Out - Bloomberg](https://feedsoft.ai/events/18815-eu-adds-palm-oil-for-medicines-soy-seeds-to-deforestation-carve-out-bloomberg.md) | -0.5% | +0.3% |
| PALMOIL | 2024-10-11 | [Indonesia, Malaysia, EU work on guide for smallholders on EU deforestation rules](https://feedsoft.ai/events/27898-indonesia-malaysia-eu-work-on-guide-for-smallholders-on-eu-deforestation-rules.md) | +1.1% | +13.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-08-09/world-s-top-food-producers-push-back-on-eu-deforestation-rules

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