# The EU’s quest to save the world’s forests

> The EU parliament rapporteur for the deforestation regulation argues that the bloc must act because 429 million hectares of forest were lost worldwide between 1990 and 2020. He notes EU consumption accounts for about 10 percent of global deforestation and that the law must balance environmental goals against supply chain and consumer price impacts.

- Date: 2023-02-10 · published 2023-02-10T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/37358-the-eu-s-quest-to-save-the-world-s-forests
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The regulation's final shape will determine compliance costs for EU imports of soy, palm oil and beef, which feed buyers track. Near-term price impact is limited while the rules are still being finalized.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-07-02 | [Stepping up EU action to protect and restore the world's forests \| European Committee of the Regions](https://feedsoft.ai/events/52140-stepping-up-eu-action-to-protect-and-restore-the-world-s-forests-european.md) | +0.5% | -0.2% |
| SOY | 2019-07-23 | [EU Communication (2019) on stepping up EU action to protect and restore the world’s forests - European Commission](https://feedsoft.ai/events/58112-eu-communication-2019-on-stepping-up-eu-action-to-protect-and-restore-the-world.md) | -0.3% | -3.9% |
| SOY | 2018-07-11 | [France calls on EU to follow its forest lead - Fern](https://feedsoft.ai/events/64062-france-calls-on-eu-to-follow-its-forest-lead-fern.md) | -1.5% | +4.3% |
| SOY | 2023-07-20 | [What is the EU Deforestation Regulation? - Fern](https://feedsoft.ai/events/35077-what-is-the-eu-deforestation-regulation-fern.md) | +3.7% | -10.5% |
| SOY | 2024-08-29 | [The EU’s Regulation on Deforestation-Free Products (EUDR) \| Crowe](https://feedsoft.ai/events/28802-the-eu-s-regulation-on-deforestation-free-products-eudr-crowe.md) | +5.2% | +8.6% |
| PALMOIL | 2020-07-02 | [Stepping up EU action to protect and restore the world's forests \| European Committee of the Regions](https://feedsoft.ai/events/52140-stepping-up-eu-action-to-protect-and-restore-the-world-s-forests-european.md) | +3.0% | +9.6% |
| PALMOIL | 2019-07-23 | [EU Communication (2019) on stepping up EU action to protect and restore the world’s forests - European Commission](https://feedsoft.ai/events/58112-eu-communication-2019-on-stepping-up-eu-action-to-protect-and-restore-the-world.md) | +0.8% | +7.8% |
| PALMOIL | 2018-10-23 | [Replanting the oil palm to save forests - Landscape Alliance Forests News](https://feedsoft.ai/events/62405-replanting-the-oil-palm-to-save-forests-landscape-alliance-forests-news.md) | -0.8% | -9.3% |

## Sources

- theparliamentmagazine.eu: https://www.theparliamentmagazine.eu/news/article/eu-leader-standards-deforestation

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