# European bill passes to ban imports of deforestation-linked commodities

> The European Parliament passed a bill on 13 September requiring importers to verify that 14 commodity types are not linked to deforestation. The list expanded beyond the Commission's six original commodities to include pork, poultry, corn, and other products. The bill still needs Council and national approval.

- Date: 2022-09-15 · published 2022-09-15T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/39604-european-bill-passes-to-ban-imports-of-deforestation-linked-commodities
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Adding corn and poultry to the scope raises compliance costs for EU feed imports, which could tighten supply of soy, corn, and meat inputs and lift prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- CHICKEN: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-13 | [WWF - European Parliament votes for a strong EU Deforestation law](https://feedsoft.ai/events/39610-wwf-european-parliament-votes-for-a-strong-eu-deforestation-law.md) | -2.9% | -2.1% |
| 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% |
| CORN | 2022-10-13 | [EU moves quickly to adopt law banning products contributing to deforestation ahead of UN Biodiversity Conference \| Freshfields](https://feedsoft.ai/events/39167-eu-moves-quickly-to-adopt-law-banning-products-contributing-to-deforestation.md) | +1.6% | -1.2% |
| CORN | 2022-11-29 | [Removal of China’s domestic price trade barriers could increase China’s imports of agricultural commodities - High Plains Journal](https://feedsoft.ai/events/14880-removal-of-china-s-domestic-price-trade-barriers-could-increase-china-s-imports.md) | -3.8% | +0.6% |
| CORN | 2019-01-08 | [The French National Strategy to Fight Imported Deforestation: a few takeaways from the final document - SPOTT.org \| SPOTT.org](https://feedsoft.ai/events/61115-the-french-national-strategy-to-fight-imported-deforestation-a-few-takeaways.md) | -0.7% | +0.0% |
| SOY | 2023-05-18 | [EU bans imports linked to deforestation - Everstream Analytics](https://feedsoft.ai/events/35972-eu-bans-imports-linked-to-deforestation-everstream-analytics.md) | -0.9% | +6.8% |
| SOY | 2022-01-27 | [EU imposes import ban on six goods to halt “imported deforestation” - Etifor](https://feedsoft.ai/events/43170-eu-imposes-import-ban-on-six-goods-to-halt-imported-deforestation-etifor.md) | +7.3% | +15.4% |
| 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

- news.mongabay.com: https://news.mongabay.com/2022/09/european-bill-passes-to-ban-imports-of-deforestation-linked-commodities/

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