# MEPs approve Parliament/Council agreement on ‘imported deforestation’ EU regulation | AGENCE EUROPE

> The European Parliament's Environment Committee approved on 16 January 2023 the political agreement reached in December 2022 between Parliament and the Council on the EU regulation against imported deforestation. The rule requires due diligence proof that products such as palm oil, beef, soy, coffee, cocoa, and timber did not come from deforestation or forest degradation. A full Parliament vote is scheduled for late March.

- Date: 2023-01-16 · published 2023-01-16T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/37812-meps-approve-parliament-council-agreement-on-imported-deforestation-eu
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Exporters of palm oil, soy, and beef to the EU will face traceability costs and possible shipment restrictions, which could shift demand and pricing for these commodities. The regulation is a structural policy shift rather than an immediate supply shock.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- LCATTLE: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-11-10 | [The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern](https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported.md) | +3.2% | +6.7% |
| PALMOIL | 2018-09-11 | [European Parliament calls for tangible EU measures to help put an end to deforestation \| AGENCE EUROPE](https://feedsoft.ai/events/63050-european-parliament-calls-for-tangible-eu-measures-to-help-put-an-end-to.md) | -1.2% | -3.7% |
| PALMOIL | 2017-03-08 | [MEPs call for measures to stem deforestation for palm oil \| AGENCE EUROPE](https://feedsoft.ai/events/72015-meps-call-for-measures-to-stem-deforestation-for-palm-oil-agence-europe.md) | -2.6% | -7.5% |
| PALMOIL | 2020-11-02 | [Proposal from the European Parliament on Deforestation Due Diligence](https://feedsoft.ai/events/50182-proposal-from-the-european-parliament-on-deforestation-due-diligence.md) | +7.4% | +13.1% |
| PALMOIL | 2026-07-12 | [European Commission updates scope of products covered by ‘deforestation regulation’ \| AGENCE EUROPE](https://feedsoft.ai/events/18355-european-commission-updates-scope-of-products-covered-by-deforestation.md) | +0.5% | +3.0% |
| SOY | 2020-11-10 | [The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern](https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported.md) | +4.4% | +3.7% |
| SOY | 2020-11-02 | [Proposal from the European Parliament on Deforestation Due Diligence](https://feedsoft.ai/events/50182-proposal-from-the-european-parliament-on-deforestation-due-diligence.md) | +4.0% | +10.6% |
| SOY | 2022-11-15 | [European Parliament pass bill to ban imports of deforestation-linked commodities \| NGIS](https://feedsoft.ai/events/38692-european-parliament-pass-bill-to-ban-imports-of-deforestation-linked.md) | -0.3% | +2.6% |

## Sources

- agenceurope.eu: https://agenceurope.eu/en/bulletin/article/13101/29/meps-approve-parliament-council-agreement-on-imported-deforestation-eu-regulation

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