# Deforestation: What makes Europe’s due diligence proposal the ‘most efficient on the world stage’?

> FoodNavigator reports the European Commission's view that its proposed deforestation due diligence law is the most efficient globally. It notes that forest loss is mostly driven by cropland conversion and livestock grazing, and that the EU, US and UK are exploring similar legislation.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/38690-deforestation-what-makes-europe-s-due-diligence-proposal-the-most-efficient-on
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Potential due diligence liability for commodities such as soy and beef could shift trade flows and raise costs for exporters, but timing and final scope remain uncertain, so the price effect is limited for now.

## Read by commodity

- SOY: bearish ▼
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2022-11-14 | [7 Key Updates on the EU Deforestation-Free Products Regulation - Satelligence](https://feedsoft.ai/events/38688-7-key-updates-on-the-eu-deforestation-free-products-regulation-satelligence.md) | -1.9% | +0.3% |
| 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 | 2019-10-29 | [Proposal for deforestation labeling catches fire at the Commission – POLITICO](https://feedsoft.ai/events/56581-proposal-for-deforestation-labeling-catches-fire-at-the-commission-politico.md) | +0.5% | -3.1% |
| LCATTLE | 2022-06-07 | [Due Diligence Requirements to Tackle Deforestation: An overview of the EU and British proposals \| International Institute for Sustainable Development](https://feedsoft.ai/events/40966-due-diligence-requirements-to-tackle-deforestation-an-overview-of-the-eu-and.md) | +1.2% | +3.6% |
| LCATTLE | 2021-12-01 | [The European Commission’s Proposed Ban on Products Driving Deforestation and Forest Degradation \| Steptoe](https://feedsoft.ai/events/43610-the-european-commission-s-proposed-ban-on-products-driving-deforestation-and.md) | +1.7% | +0.4% |
| LCATTLE | 2023-07-29 | [Deforestation Regulation. Due diligence on critical raw materials kicks off - FoodTimes](https://feedsoft.ai/events/35078-deforestation-regulation-due-diligence-on-critical-raw-materials-kicks-off.md) | +0.4% | +0.4% |

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2022/11/29/Deforestation-What-makes-Europe-s-due-diligence-proposal-the-most-efficient-on-the-world-stage/

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