# Curb on Commodities ‘Linked  to Deforestation’ |         Global Oil & Fats Business Online – gofbonline.com

> Global Oil & Fats Business describes the EU Commission's November 2021 proposal to restrict commodities linked to deforestation, with palm oil in the initial list of six commodities. It outlines the existing EU timber and FLEGT framework and the broader due diligence agenda.

- Date: 2022-05-01 · published 2022-05-01T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/41422-curb-on-commodities-linked-to-deforestation-global-oil-and-fats-business-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Palm oil being on the initial EU list signals future compliance costs for palm supply into Europe, a background factor for palm and vegetable oil pricing.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-10-06 | [Removing the EU’s Blinkers \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/62559-removing-the-eu-s-blinkers-global-oil-and-fats-business-online-gofbonline-com.md) | -1.2% | -3.5% |
| PALMOIL | 2016-12-05 | [Business not yet doing enough to stop commodities destroying forests](https://feedsoft.ai/events/73505-business-not-yet-doing-enough-to-stop-commodities-destroying-forests.md) | +0.8% | +1.9% |
| 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 | 2024-07-09 | [How the EU will limit the sale of commodities that cause deforestation \| Garrigues](https://feedsoft.ai/events/29294-how-the-eu-will-limit-the-sale-of-commodities-that-cause-deforestation-garrigues.md) | -2.3% | -0.5% |
| PALMOIL | 2019-07-26 | [To regulate or not to regulate? EU climate commitments face key test over global deforestation (commentary)](https://feedsoft.ai/events/58116-to-regulate-or-not-to-regulate-eu-climate-commitments-face-key-test-over-global.md) | +3.4% | +8.5% |

## Sources

- gofbonline.com: https://gofbonline.com/curb-on-commodities-linked-to-deforestation/

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