# Tracking deforestation takes tech – and old-fashioned sleuthing | World Economic Forum

> A World Economic Forum article describes new cattle-tracing and commodity-tracing technologies, including a Brazilian app that identifies cattle by muzzle photo. It notes the European Parliament approved the deforestation regulation on 13 September 2022, placing traceability duties on importers.

- Date: 2022-11-02 · published 2022-11-02T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/38689-tracking-deforestation-takes-tech-and-old-fashioned-sleuthing-world-economic
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Traceability requirements for beef, soy and palm oil imports into the EU could raise compliance costs for Brazilian and other exporters, a modest bearish factor for EU-bound flows.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-05-16 | [EU Approves Law for ‘Deforestation-Free’ Trade \| Human Rights Watch](https://feedsoft.ai/events/35971-eu-approves-law-for-deforestation-free-trade-human-rights-watch.md) | -4.2% | -0.1% |
| SOY | 2022-11-29 | [Deforestation: What makes Europe’s due diligence proposal the ‘most efficient on the world stage’?](https://feedsoft.ai/events/38690-deforestation-what-makes-europe-s-due-diligence-proposal-the-most-efficient-on.md) | -1.3% | +1.7% |
| SOY | 2023-04-19 | [EU: Major Step For ‘Deforestation-Free’ Trade \| Human Rights Watch](https://feedsoft.ai/events/36441-eu-major-step-for-deforestation-free-trade-human-rights-watch.md) | -4.9% | -10.2% |
| 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% |
| 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 | 2023-05-16 | [EU Approves Law for ‘Deforestation-Free’ Trade \| Human Rights Watch](https://feedsoft.ai/events/35971-eu-approves-law-for-deforestation-free-trade-human-rights-watch.md) | -1.7% | -7.8% |
| PALMOIL | 2023-04-19 | [EU: Major Step For ‘Deforestation-Free’ Trade \| Human Rights Watch](https://feedsoft.ai/events/36441-eu-major-step-for-deforestation-free-trade-human-rights-watch.md) | -1.0% | -8.4% |

## Sources

- weforum.org: https://www.weforum.org/stories/2022/11/deforestation-tracing-commodities-sustainable-supply-chain/

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