# EU Widens Scope of Deforestation-Free Products - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> GAPKI reports that the European Parliament voted on September 13 to widen the EU deforestation-free products regulation to more commodities and to add due diligence for financial institutions. It restates the Commission's original list of beef, palm oil, soy, wood, cocoa and coffee and their derived products.

- Date: 2022-10-05 · published 2022-10-05T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/39171-eu-widens-scope-of-deforestation-free-products-gabungan-pengusaha-kelapa-sawit
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expanding scope to more commodities and derived products could tighten EU access for palm oil and soy, which may weigh on EU demand for Indonesian and Brazilian supplies.

## Read by commodity

- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-02-23 | [B100 Implementation Will Reduce Palm Oil Export - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15666-b100-implementation-will-reduce-palm-oil-export-gabungan-pengusaha-kelapa-sawit.md) | +0.6% | +9.8% |
| PALMOIL | 2021-06-24 | [Palm Oil Export Durty Reviewed - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/46457-palm-oil-export-durty-reviewed-gabungan-pengusaha-kelapa-sawit-indonesia-gapki.md) | +0.5% | +8.4% |
| PALMOIL | 2023-12-20 | [GAPKI: Biodiesel Incentive Stabilizes Palm Oil Prices - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15684-gapki-biodiesel-incentive-stabilizes-palm-oil-prices-gabungan-pengusaha-kelapa.md) | +0.4% | +2.1% |
| PALMOIL | 2021-10-29 | [RI-Malaysia Strengthens Bilateral Ties On Palm Oil - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/44420-ri-malaysia-strengthens-bilateral-ties-on-palm-oil-gabungan-pengusaha-kelapa.md) | +1.9% | -0.1% |
| PALMOIL | 2021-07-02 | [Government Revises Down Palm Oil Export Duty - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/45937-government-revises-down-palm-oil-export-duty-gabungan-pengusaha-kelapa-sawit.md) | +3.7% | +9.7% |
| 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 | 2022-02-17 | [New EU rules for deforestation-free products: Great for forests, a double-edged sword for smallholders \| HCV Network](https://feedsoft.ai/events/42741-new-eu-rules-for-deforestation-free-products-great-for-forests-a-double-edged.md) | +4.7% | +5.1% |
| 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% |

## Sources

- gapki.id: https://gapki.id/en/news/2022/10/05/eu-widens-scope-of-deforestation-free-products/

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