# An Update: European Union Draft Law Seeking to Ban Imports and Exports of Commodities from Regions at Risk of Deforestation

> A law firm briefing says the EU Council adopted its negotiating position on 28 June 2022 on the draft regulation banning the import and export of linked commodities. The position covers beef, soy, palm oil, coffee, cocoa and timber along with derived products. The briefing outlines the changes and expected next steps in the first-reading process.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/40520-an-update-european-union-draft-law-seeking-to-ban-imports-and-exports-of
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The Council position signals that mandatory due diligence for soy and palm oil is likely, which could gradually tighten EU trade flows. Near-term price effects should be small because the rules are not yet in force.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-20 | [European Commission to ban beef, soy and palm oil imports linked to deforestation \| Eurogroup for Animals](https://feedsoft.ai/events/45103-european-commission-to-ban-beef-soy-and-palm-oil-imports-linked-to.md) | +0.1% | -5.2% |
| SOY | 2024-07-31 | [The impact of European Union deforestation regulation: Four lessons from Peru's journey](https://feedsoft.ai/events/29292-the-impact-of-european-union-deforestation-regulation-four-lessons-from-peru-s.md) | +0.1% | -5.8% |
| SOY | 2022-01-21 | [Comparing Recent Deforestation Measures  of the United States, European Union, and United Kingdom \| Steptoe](https://feedsoft.ai/events/43167-comparing-recent-deforestation-measures-of-the-united-states-european-union-and.md) | +1.6% | +11.7% |
| SOY | 2025-07-15 | [EU Deforestation Regulation – Key Steps To Take With Six Months To Implementation - Corporate and Company Law - European Union](https://feedsoft.ai/events/23778-eu-deforestation-regulation-key-steps-to-take-with-six-months-to-implementation.md) | +1.8% | -0.8% |
| SOY | 2024-01-08 | [The European Union and United Kingdom's deforestation-free supply chains regulations: implications for Brazil \| SEI](https://feedsoft.ai/events/32136-the-european-union-and-united-kingdom-s-deforestation-free-supply-chains.md) | -3.5% | -4.3% |
| PALMOIL | 2021-09-20 | [European Commission to ban beef, soy and palm oil imports linked to deforestation \| Eurogroup for Animals](https://feedsoft.ai/events/45103-european-commission-to-ban-beef-soy-and-palm-oil-imports-linked-to.md) | +1.0% | +12.6% |
| PALMOIL | 2024-07-31 | [The impact of European Union deforestation regulation: Four lessons from Peru's journey](https://feedsoft.ai/events/29292-the-impact-of-european-union-deforestation-regulation-four-lessons-from-peru-s.md) | -1.9% | +1.5% |
| PALMOIL | 2022-01-21 | [Comparing Recent Deforestation Measures  of the United States, European Union, and United Kingdom \| Steptoe](https://feedsoft.ai/events/43167-comparing-recent-deforestation-measures-of-the-united-states-european-union-and.md) | +1.1% | +8.7% |

## Sources

- hfw.com: https://www.hfw.com/insights/An-Update-European-Union-Draft-Law-Seeking-to-Ban-Imports-and-Exports-of-Commodities-from-Regions-at-Risk-of-Deforestation/

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