# EU lawmakers back ban on goods linked to deforestation | Reuters

> EU lawmakers approved a ban on goods linked to deforestation covering soy, beef, palm oil, wood, cocoa, coffee, rubber and charcoal. Malaysia has said it could halt palm oil exports to the EU in response, and Indonesia and Malaysia have accused the EU of blocking market access.

- Date: 2023-04-19 · published 2023-04-19T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/36438-eu-lawmakers-back-ban-on-goods-linked-to-deforestation-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A possible Malaysian export halt to the EU, the third-largest palm oil import market, would tighten exportable supply and could support palm oil prices, while EU import demand risk weighs on sentiment.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-12-06 | [EU agrees law preventing import of goods linked to deforestation \| Reuters](https://feedsoft.ai/events/38273-eu-agrees-law-preventing-import-of-goods-linked-to-deforestation-reuters.md) | +1.6% | +2.8% |
| SOY | 2021-11-17 | [EU proposes law preventing import of goods linked to deforestation](https://feedsoft.ai/events/44100-eu-proposes-law-preventing-import-of-goods-linked-to-deforestation.md) | +1.7% | +0.9% |
| SOY | 2025-09-23 | [EU to delay anti-deforestation law by another year \| Reuters](https://feedsoft.ai/events/22875-eu-to-delay-anti-deforestation-law-by-another-year-reuters.md) | -0.0% | +2.1% |
| SOY | 2025-12-18 | [EU countries approve year-long delay to deforestation law \| Reuters](https://feedsoft.ai/events/21521-eu-countries-approve-year-long-delay-to-deforestation-law-reuters.md) | +0.5% | -0.0% |
| SOY | 2025-11-27 | [EU backs another one-year delay for EUDR antideforestation law](https://feedsoft.ai/events/21989-eu-backs-another-one-year-delay-for-eudr-antideforestation-law.md) | -1.1% | -6.4% |
| PALMOIL | 2022-12-06 | [EU agrees law preventing import of goods linked to deforestation \| Reuters](https://feedsoft.ai/events/38273-eu-agrees-law-preventing-import-of-goods-linked-to-deforestation-reuters.md) | -4.6% | +3.7% |
| PALMOIL | 2021-11-17 | [EU proposes law preventing import of goods linked to deforestation](https://feedsoft.ai/events/44100-eu-proposes-law-preventing-import-of-goods-linked-to-deforestation.md) | +0.8% | -9.2% |
| PALMOIL | 2025-09-23 | [EU to delay anti-deforestation law by another year \| Reuters](https://feedsoft.ai/events/22875-eu-to-delay-anti-deforestation-law-by-another-year-reuters.md) | -0.4% | +0.9% |

## Sources

- dw.com: https://www.dw.com/en/eu-lawmakers-adopt-ban-on-goods-linked-to-deforestation/a-65377492
- reuters.com: https://www.reuters.com/markets/europe/eu-parliament-approves-law-banning-imports-deforestation-linked-goods-2023-04-19/

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