# Texts adopted - Deforestation Regulation - Wednesday, 19 April 2023

> The European Parliament adopted its first-reading position on the Deforestation Regulation on 19 April 2023 in Strasbourg. The text requires that certain commodities and derived products placed on the EU market or exported from it come from land not deforested after 31 December 2020.

- Date: 2023-04-19 · published 2023-04-19T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/36436-texts-adopted-deforestation-regulation-wednesday-19-april-2023
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Exporters of palm oil and soy to the EU must now prove deforestation-free supply chains, which could reduce EU demand from non-compliant origins and weigh on exporter prices.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-04-04 | [Texts adopted - Palm oil and deforestation of rainforests - Tuesday, 4 April 2017](https://feedsoft.ai/events/71523-texts-adopted-palm-oil-and-deforestation-of-rainforests-tuesday-4-april-2017.md) | -2.0% | -2.1% |
| PALMOIL | 2023-01-01 | [Regulation on Deforestation-free Products](https://feedsoft.ai/events/38269-regulation-on-deforestation-free-products.md) | +4.8% | +1.2% |
| PALMOIL | 2024-04-01 | [The EU Deforestation Regulation: Getting started now](https://feedsoft.ai/events/31227-the-eu-deforestation-regulation-getting-started-now.md) | +3.0% | -2.1% |
| PALMOIL | 2023-05-03 | [EU Regulation on Deforestation-free products](https://feedsoft.ai/events/35974-eu-regulation-on-deforestation-free-products.md) | +9.2% | +2.0% |
| PALMOIL | 2026-02-28 | [Are You Ready? The EU deforestation regulation - Lexology](https://feedsoft.ai/events/20611-are-you-ready-the-eu-deforestation-regulation-lexology.md) | +5.0% | +8.4% |
| SOY | 2023-01-01 | [Regulation on Deforestation-free Products](https://feedsoft.ai/events/38269-regulation-on-deforestation-free-products.md) | -1.0% | +1.2% |
| SOY | 2024-04-01 | [The EU Deforestation Regulation: Getting started now](https://feedsoft.ai/events/31227-the-eu-deforestation-regulation-getting-started-now.md) | -0.5% | -2.7% |
| SOY | 2023-05-03 | [EU Regulation on Deforestation-free products](https://feedsoft.ai/events/35974-eu-regulation-on-deforestation-free-products.md) | +0.9% | -9.7% |

## Sources

- europarl.europa.eu: https://www.europarl.europa.eu/doceo/document/TA-9-2023-0109_EN.html

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