# EU ban on deforestation-linked goods sets benchmark, say US lawmakers | Deforestation | The Guardian

> The Guardian reports that US lawmakers view the EU ban on deforestation-linked goods as a benchmark. The EU says the rule will in effect prohibit imports of beef, soy, palm oil, coffee, cocoa, rubber, charcoal and paper unless origins are traced using geolocation data. The article is dated 5 January 2023.

- Date: 2023-01-05 · published 2023-01-05T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/37816-eu-ban-on-deforestation-linked-goods-sets-benchmark-say-us-lawmakers
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Possible adoption of similar rules in the US could extend traceability requirements to major soy and beef trade, adding cost pressure on supply chains. The near-term price effect is limited.

## Read by commodity

- SOY: neutral
- LCATTLE: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-22 | [Europe needs laws to stop import of deforestation-linked products, lawmakers say](https://feedsoft.ai/events/50659-europe-needs-laws-to-stop-import-of-deforestation-linked-products-lawmakers-say.md) | -1.4% | +9.7% |
| SOY | 2021-10-26 | [Reducing scope of EU anti-deforestation law misguided, say scientists \| Deforestation \| The Guardian](https://feedsoft.ai/events/44586-reducing-scope-of-eu-anti-deforestation-law-misguided-say-scientists.md) | -0.0% | +3.0% |
| SOY | 2021-09-14 | [Leaked EU anti-deforestation law omits fragile grasslands and wetlands  \| Deforestation \| The Guardian](https://feedsoft.ai/events/45099-leaked-eu-anti-deforestation-law-omits-fragile-grasslands-and-wetlands.md) | -0.8% | -3.5% |
| SOY | 2024-12-01 | [EU lawmakers seek change to deforestation law and approve delay](https://feedsoft.ai/events/27445-eu-lawmakers-seek-change-to-deforestation-law-and-approve-delay.md) | +0.4% | -0.8% |
| SOY | 2021-09-28 | [Satelligence Responds to Leaked EU Deforestation Law - Satelligence](https://feedsoft.ai/events/45100-satelligence-responds-to-leaked-eu-deforestation-law-satelligence.md) | -4.0% | -3.9% |
| LCATTLE | 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) | +2.0% | +4.4% |
| LCATTLE | 2022-01-27 | [EU imposes import ban on six goods to halt “imported deforestation” - Etifor](https://feedsoft.ai/events/43170-eu-imposes-import-ban-on-six-goods-to-halt-imported-deforestation-etifor.md) | +0.9% | +3.6% |
| LCATTLE | 2021-11-17 | [EU aims to curb deforestation with beef and coffee import ban \| Deforestation \| The Guardian](https://feedsoft.ai/events/44102-eu-aims-to-curb-deforestation-with-beef-and-coffee-import-ban-deforestation-the.md) | +2.0% | +4.4% |

## Sources

- theguardian.com: https://www.theguardian.com/environment/2023/jan/05/eu-ban-on-deforestation-linked-goods-sets-benchmark-say-us-lawmakers

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