# ‘Full of more holes than Swiss cheese’? Europe accused of watering down its deforestation due diligence regulation

> Environmental groups accused EU Environment Ministers of significantly watering down the deforestation due diligence regulation after the Council backed the Commission proposal with carve-outs. The Council's position covers palm oil, beef, timber, coffee, cocoa and soy and their derived products. The article questions whether the revised rules can still curb deforestation in these supply chains.

- Date: 2022-07-01 · published 2022-07-01T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/40524-full-of-more-holes-than-swiss-cheese-europe-accused-of-watering-down-its
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Carve-outs weaken the expected compliance burden on EU imports of soy and palm oil, which reduces the risk of trade disruption. The net price effect is small.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-07-29 | [Deforestation Regulation. Due diligence on critical raw materials kicks off - FoodTimes](https://feedsoft.ai/events/35078-deforestation-regulation-due-diligence-on-critical-raw-materials-kicks-off.md) | -2.9% | -7.1% |
| SOY | 2026-08-06 | [European Union Deforestation Regulation (EUDR)- Scope Changes Announced  - BDO](https://feedsoft.ai/events/17927-european-union-deforestation-regulation-eudr-scope-changes-announced-bdo.md) | +1.2% | +13.0% |
| SOY | 2021-03-18 | [EU anti-deforestation import rules still a ways off, but related due diligence could come sooner «  Carbon Pulse](https://feedsoft.ai/events/48151-eu-anti-deforestation-import-rules-still-a-ways-off-but-related-due-diligence.md) | +1.1% | +0.0% |
| SOY | 2023-09-21 | [The EU Due Diligence Regulation on Deforestation: What Role for Voluntary Sustainability Standards (VSS)? - UNFSS](https://feedsoft.ai/events/34130-the-eu-due-diligence-regulation-on-deforestation-what-role-for-voluntary.md) | -1.3% | -0.7% |
| SOY | 2021-12-13 | [EU Due Diligence Update: Deforestation Enters Regulatory Crosshairs \| EcoVadis](https://feedsoft.ai/events/43612-eu-due-diligence-update-deforestation-enters-regulatory-crosshairs-ecovadis.md) | +1.4% | +8.4% |
| PALMOIL | 2023-07-29 | [Deforestation Regulation. Due diligence on critical raw materials kicks off - FoodTimes](https://feedsoft.ai/events/35078-deforestation-regulation-due-diligence-on-critical-raw-materials-kicks-off.md) | -1.1% | -3.1% |
| PALMOIL | 2026-08-06 | [European Union Deforestation Regulation (EUDR)- Scope Changes Announced  - BDO](https://feedsoft.ai/events/17927-european-union-deforestation-regulation-eudr-scope-changes-announced-bdo.md) | +0.3% | +7.5% |
| PALMOIL | 2021-03-18 | [EU anti-deforestation import rules still a ways off, but related due diligence could come sooner «  Carbon Pulse](https://feedsoft.ai/events/48151-eu-anti-deforestation-import-rules-still-a-ways-off-but-related-due-diligence.md) | -0.6% | -6.4% |

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2022/07/01/full-of-more-holes-than-swiss-cheese-europe-accused-of-watering-down-its-deforestation-due-diligence-regulation/

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