# New EU Deforestation Regulation: Overview and Key Considerations for Companies — Global Trade & Sanctions Law — May 23, 2023

> The Council formally adopted the EU Deforestation Regulation on May 16, 2023, prohibiting sale of relevant commodities and products in or out of the EU unless verified as deforestation-free. Large companies get 18 months to comply and smaller ones 24 months, with fines of at least 4% of EU-wide annual turnover.

- Date: 2023-05-23 · published 2023-05-23T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/35973-new-eu-deforestation-regulation-overview-and-key-considerations-for-companies
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The compliance window gives trade time to adjust, but the fine structure and verification burden will raise costs for soy and palm oil supply chains into the EU. Near-term price effects are likely limited, with the bigger impact as the rules take effect.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-02-11 | [The EU Deforestation Regulation (EUDR) is amended: what is the EUDR and what must companies do now?](https://feedsoft.ai/events/20606-the-eu-deforestation-regulation-eudr-is-amended-what-is-the-eudr-and-what-must.md) | +1.0% | +6.9% |
| SOY | 2024-04-03 | [Further obligations for traders of products with an impact on deforestation - the new EU Regulation 2023/1115 - Kochański & Partners](https://feedsoft.ai/events/30772-further-obligations-for-traders-of-products-with-an-impact-on-deforestation-the.md) | +0.0% | -2.4% |
| SOY | 2024-03-28 | [The EU deforestation free-products regulation: a critical overview - EPICC](https://feedsoft.ai/events/31224-the-eu-deforestation-free-products-regulation-a-critical-overview-epicc.md) | -1.0% | -2.5% |
| SOY | 2023-06-29 | [Green Deal: New law to fight global deforestation and forest degradation driven by EU production and consumption enters into force   - Environment](https://feedsoft.ai/events/35520-green-deal-new-law-to-fight-global-deforestation-and-forest-degradation-driven.md) | +5.2% | +5.6% |
| SOY | 2022-11-03 | [New EU deforestation regulation could threaten the palm oil sector](https://feedsoft.ai/events/38694-new-eu-deforestation-regulation-could-threaten-the-palm-oil-sector.md) | +1.4% | -0.7% |
| PALMOIL | 2026-02-11 | [The EU Deforestation Regulation (EUDR) is amended: what is the EUDR and what must companies do now?](https://feedsoft.ai/events/20606-the-eu-deforestation-regulation-eudr-is-amended-what-is-the-eudr-and-what-must.md) | -0.8% | +7.3% |
| PALMOIL | 2024-04-03 | [Further obligations for traders of products with an impact on deforestation - the new EU Regulation 2023/1115 - Kochański & Partners](https://feedsoft.ai/events/30772-further-obligations-for-traders-of-products-with-an-impact-on-deforestation-the.md) | +0.5% | -4.0% |
| PALMOIL | 2024-03-28 | [The EU deforestation free-products regulation: a critical overview - EPICC](https://feedsoft.ai/events/31224-the-eu-deforestation-free-products-regulation-a-critical-overview-epicc.md) | +4.2% | -2.2% |

## Sources

- globaltradeandsanctionslaw.com: https://www.globaltradeandsanctionslaw.com/new-eu-deforestation-regulation-overview-and-key-considerations-for-companies/

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