# Council and Parliament strike provisional deal to cut down deforestation worldwide

> The Council and European Parliament reached a provisional deal on EU rules requiring mandatory due diligence for operators who place or export palm oil, beef, timber, coffee, cocoa, rubber and soy in the EU market. The cut-off date is 31 December 2020, and the agreement still needs formal adoption by both institutions. A review in two years will consider adding other products.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/38271-council-and-parliament-strike-provisional-deal-to-cut-down-deforestation
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Mandatory deforestation checks on EU imports of soy and palm oil add compliance cost and could reduce EU demand for non-verified supply. This is a structural factor that could weigh on those oilseed prices over time.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-05-16 | [Council adopts new rules to cut deforestation worldwide](https://feedsoft.ai/events/35969-council-adopts-new-rules-to-cut-deforestation-worldwide.md) | -4.2% | -0.1% |
| SOY | 2025-12-04 | [Deforestation law: deal with Council to postpone and simplify measures  \| Aktuelles \| Europäisches Parlament](https://feedsoft.ai/events/21522-deforestation-law-deal-with-council-to-postpone-and-simplify-measures-aktuelles.md) | -2.2% | -7.7% |
| SOY | 2023-01-16 | [MEPs approve Parliament/Council agreement on ‘imported deforestation’ EU regulation \| AGENCE EUROPE](https://feedsoft.ai/events/37812-meps-approve-parliament-council-agreement-on-imported-deforestation-eu.md) | -3.1% | +0.3% |
| SOY | 2023-04-19 | [Parliament adopts new law to fight global deforestation  \| News \| European Parliament](https://feedsoft.ai/events/36437-parliament-adopts-new-law-to-fight-global-deforestation-news-european-parliament.md) | -4.9% | -10.2% |
| 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% |
| PALMOIL | 2023-05-16 | [Council adopts new rules to cut deforestation worldwide](https://feedsoft.ai/events/35969-council-adopts-new-rules-to-cut-deforestation-worldwide.md) | -1.7% | -7.8% |
| PALMOIL | 2025-12-04 | [Deforestation law: deal with Council to postpone and simplify measures  \| Aktuelles \| Europäisches Parlament](https://feedsoft.ai/events/21522-deforestation-law-deal-with-council-to-postpone-and-simplify-measures-aktuelles.md) | -1.4% | -2.2% |
| PALMOIL | 2023-01-16 | [MEPs approve Parliament/Council agreement on ‘imported deforestation’ EU regulation \| AGENCE EUROPE](https://feedsoft.ai/events/37812-meps-approve-parliament-council-agreement-on-imported-deforestation-eu.md) | +0.7% | +0.1% |

## Sources

- consilium.europa.eu: https://www.consilium.europa.eu/en/press/press-releases/2022/12/06/council-and-parliament-strike-provisional-deal-to-cut-down-deforestation-worldwide/?s=08

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