# European Parliament pass bill to ban imports of deforestation-linked commodities | NGIS

> NGIS reports on the European Parliament's September vote to ban imports of commodities linked to deforestation after 31 December 2019. The scope includes cattle, cocoa, coffee, palm oil, soy and wood, with due diligence requirements shifting the burden of proof to buyers.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/38692-european-parliament-pass-bill-to-ban-imports-of-deforestation-linked
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A prospective import ban on palm oil and soy linked to recent deforestation would reduce EU demand for affected exports, a bearish factor if enacted in full.

## Read by commodity

- SOY: bearish ▼
- 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 | 2017-04-21 | [Parliament resolves to tackle EU’s role in driving illegal deforestation through imports of agro-commodities \| Earthsight](https://feedsoft.ai/events/71524-parliament-resolves-to-tackle-eu-s-role-in-driving-illegal-deforestation.md) | +0.3% | +4.0% |
| PALMOIL | 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) | -1.0% | -8.4% |
| PALMOIL | 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) | +0.8% | -9.2% |
| 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% |
| 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 | 2017-04-21 | [Parliament resolves to tackle EU’s role in driving illegal deforestation through imports of agro-commodities \| Earthsight](https://feedsoft.ai/events/71524-parliament-resolves-to-tackle-eu-s-role-in-driving-illegal-deforestation.md) | -0.1% | -0.2% |
| 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% |

## Sources

- ngis.com.au: https://ngis.com.au/news/european-parliament-pass-bill-to-ban-imports-of-deforestation-linked-commodities/

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