# New rules to drive down deforestation and forest degradation globally – The European Times

> The EU Council adopted its negotiating position on a proposal to limit consumption of products linked to deforestation or forest degradation. The position sets mandatory due diligence for operators who place or export palm oil, beef, timber, coffee, cocoa and soy, along with derived products. It also creates a benchmarking system that classifies countries by deforestation risk.

- Date: 2022-07-03 · published 2022-07-03T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/40523-new-rules-to-drive-down-deforestation-and-forest-degradation-globally-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Mandatory due diligence and country risk benchmarking could raise costs and reduce EU market access for soy and palm oil from higher-risk origins. The effect on prices is gradual and depends on final adoption.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-06-28 | [Council agrees on new rules to drive down deforestation and forest degradation globally](https://feedsoft.ai/events/40965-council-agrees-on-new-rules-to-drive-down-deforestation-and-forest-degradation.md) | -24.1% | -29.6% |
| PALMOIL | 2020-05-04 | [New EU rules to remove deforestation from supply chains – Global Canopy](https://feedsoft.ai/events/53149-new-eu-rules-to-remove-deforestation-from-supply-chains-global-canopy.md) | -2.9% | +9.7% |
| PALMOIL | 2019-02-28 | [Stepping up EU action on deforestation and forest degradation – Global Canopy](https://feedsoft.ai/events/60626-stepping-up-eu-action-on-deforestation-and-forest-degradation-global-canopy.md) | -4.2% | -5.1% |
| PALMOIL | 2020-02-13 | [European Parliament calls for rules to end imported deforestation - Fern](https://feedsoft.ai/events/54635-european-parliament-calls-for-rules-to-end-imported-deforestation-fern.md) | -2.8% | -16.7% |
| PALMOIL | 2023-08-22 | [EU Adopts New Regulation To Reduce Global Deforestation](https://feedsoft.ai/events/34614-eu-adopts-new-regulation-to-reduce-global-deforestation.md) | -0.3% | -3.0% |
| SOY | 2022-06-28 | [Council agrees on new rules to drive down deforestation and forest degradation globally](https://feedsoft.ai/events/40965-council-agrees-on-new-rules-to-drive-down-deforestation-and-forest-degradation.md) | -3.4% | -6.0% |
| SOY | 2022-07-12 | [Climate change: new rules for companies to stop EU-driven deforestation globally \| Noticias \| Parlamento Europeo](https://feedsoft.ai/events/40519-climate-change-new-rules-for-companies-to-stop-eu-driven-deforestation-globally.md) | -8.8% | -1.3% |
| SOY | 2020-05-04 | [New EU rules to remove deforestation from supply chains – Global Canopy](https://feedsoft.ai/events/53149-new-eu-rules-to-remove-deforestation-from-supply-chains-global-canopy.md) | +0.2% | -0.8% |

## Sources

- europeantimes.news: https://europeantimes.news/2022/07/new-rules-to-drive-down-deforestation-and-forest-degradation-globally/

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