# Food companies braced for cost challenges and paperwork as landmark deforestation law is passed

> Food and beverage companies are preparing for cost increases and paperwork under the EU deforestation law adopted by Parliament. The regulation covers seven commodities with €85bn in trade, and five food commodities are in scope, with soy the largest at €14bn of EU imports in 2021.

- Date: 2023-04-21 · published 2023-04-21T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/36442-food-companies-braced-for-cost-challenges-and-paperwork-as-landmark
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Soy is the largest affected import at €14bn, so traceability and due diligence costs could slow or reroute EU soy purchases and soften soy and meal prices.

## Read by commodity

- SBM: bearish ▼
- 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 | 2023-05-23 | [New EU Deforestation Regulation: Overview and Key Considerations for Companies — Global Trade & Sanctions Law — May 23, 2023](https://feedsoft.ai/events/35973-new-eu-deforestation-regulation-overview-and-key-considerations-for-companies.md) | -3.3% | +12.9% |
| SOY | 2023-10-03 | [Brazilian Environmental Policies and the New European Union Regulation for Deforestation-Free Products: Opportunities and Challenges - CPI](https://feedsoft.ai/events/33662-brazilian-environmental-policies-and-the-new-european-union-regulation-for.md) | -1.0% | +0.5% |
| SOY | 2024-04-08 | [The EU Deforestation Regulation is a complex and costly undertaking - Rabobank](https://feedsoft.ai/events/30767-the-eu-deforestation-regulation-is-a-complex-and-costly-undertaking-rabobank.md) | -0.9% | +1.4% |
| 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% |
| SBM | 2024-03-05 | [EUDR: Is the food industry ready to prove its supply chains are deforestation-free?](https://feedsoft.ai/events/31226-eudr-is-the-food-industry-ready-to-prove-its-supply-chains-are-deforestation.md) | +0.6% | -3.2% |
| SBM | 2017-05-02 | [FiBL - Report on the EU Common Agricultural Policy and deforestation](https://feedsoft.ai/events/71041-fibl-report-on-the-eu-common-agricultural-policy-and-deforestation.md) | -1.5% | -5.3% |
| SBM | 2025-08-14 | [Increased domestic soybean oil demand comes with challenges](https://feedsoft.ai/events/15095-increased-domestic-soybean-oil-demand-comes-with-challenges.md) | +3.1% | +1.1% |

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2023/04/21/food-companies-braced-for-cost-challenges-and-paperwork-as-landmark-deforestation-law-is-passed/

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