# EU moves quickly to adopt law banning products contributing to deforestation ahead of UN Biodiversity Conference | Freshfields

> Freshfields outlines unresolved differences between the European Parliament, Council and Commission over the draft EU Deforestation Regulation after the first trilogue in late September 2022. Key disputes include which commodities are in scope, with Parliament proposing to add corn, poultry and pork to the original list.

- Date: 2022-10-13 · published 2022-10-13T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/39167-eu-moves-quickly-to-adopt-law-banning-products-contributing-to-deforestation
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

If corn, soy and poultry are covered, EU-bound feed ingredient sourcing would face deforestation due diligence, adding compliance costs and possibly shifting supply toward non-EU buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- CHICKEN: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-11-15 | [Regulation (EU) 2023/1115 on deforestation-free products](https://feedsoft.ai/events/33210-regulation-eu-2023-1115-on-deforestation-free-products.md) | +0.6% | -4.5% |
| SOY | 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) | +2.7% | +11.4% |
| SOY | 2022-09-15 | [European bill passes to ban imports of deforestation-linked commodities](https://feedsoft.ai/events/39604-european-bill-passes-to-ban-imports-of-deforestation-linked-commodities.md) | -2.8% | -7.2% |
| SOY | 2022-02-20 | [Proposal on combating deforestation problematic for EU ministers \| AGENCE EUROPE](https://feedsoft.ai/events/42737-proposal-on-combating-deforestation-problematic-for-eu-ministers-agence-europe.md) | +2.7% | +5.6% |
| SOY | 2022-01-28 | [France pushes for EU deforestation law as activists seek tougher measures  \| The National](https://feedsoft.ai/events/43171-france-pushes-for-eu-deforestation-law-as-activists-seek-tougher-measures-the.md) | +6.6% | +9.8% |
| CORN | 2022-09-15 | [European bill passes to ban imports of deforestation-linked commodities](https://feedsoft.ai/events/39604-european-bill-passes-to-ban-imports-of-deforestation-linked-commodities.md) | -2.0% | -2.3% |
| CORN | 2019-11-12 | [State Council planning more measures to restore nation's hog production](https://feedsoft.ai/events/56059-state-council-planning-more-measures-to-restore-nation-s-hog-production.md) | -0.5% | -2.9% |
| CORN | 2022-10-27 | [New rules for companies under the European Parliament's ambitious version of the proposal against deforestation - Etifor](https://feedsoft.ai/events/39168-new-rules-for-companies-under-the-european-parliament-s-ambitious-version-of.md) | -2.0% | -2.6% |

## Sources

- freshfields.com: https://www.freshfields.com/en/our-thinking/blogs/sustainability/eu-moves-quickly-to-adopt-law-banning-products-contributing-to-deforestation-ahea-102hz1z

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