# The European Commission’s Proposed Ban on Products Driving Deforestation and Forest Degradation | Steptoe

> The European Commission presented a proposed regulation on 17 November 2021 to curb deforestation and forest degradation linked to EU consumption. It covers cattle, cocoa, coffee, oil palm, soya and wood, plus products made or fed with them, and would replace the EU Timber Regulation.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/43610-the-european-commission-s-proposed-ban-on-products-driving-deforestation-and
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Exporters of soy, palm oil, cattle products and cocoa into the EU face new due diligence and geolocation requirements that could restrict market access and raise compliance costs, supporting EU premiums for compliant supply, though it is only a proposal still under parliamentary review.

## Read by commodity

- SOY: bullish ▲
- LCATTLE: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-14 | [European Commission proposes new set of measures to address deforestation, waste management and soil health](https://feedsoft.ai/events/43166-european-commission-proposes-new-set-of-measures-to-address-deforestation-waste.md) | +3.6% | +15.9% |
| SOY | 2022-02-20 | [Proposal on combating deforestation problematic for EU ministers \| AGENCE EUROPE](https://feedsoft.ai/events/42737-proposal-on-combating-deforestation-problematic-for-eu-ministers-agence-europe.md) | +2.7% | +5.6% |
| SOY | 2022-09-15 | [European bill passes to ban imports of deforestation-linked commodities](https://feedsoft.ai/events/39604-european-bill-passes-to-ban-imports-of-deforestation-linked-commodities.md) | -2.8% | -7.2% |
| SOY | 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) | +4.2% | +3.9% |
| SOY | 2023-11-15 | [Regulation (EU) 2023/1115 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation \| Knowledge for policy](https://feedsoft.ai/events/33205-regulation-eu-2023-1115-on-the-making-available-on-the-union-market-and-the.md) | +0.6% | -4.5% |
| PALMOIL | 2020-03-12 | [Deforestation and forest degradation: IEEP's response to European Commission's public consultation - IEEP AISBL](https://feedsoft.ai/events/54143-deforestation-and-forest-degradation-ieep-s-response-to-european-commission-s.md) | -4.4% | -4.8% |
| PALMOIL | 2022-01-14 | [European Commission proposes new set of measures to address deforestation, waste management and soil health](https://feedsoft.ai/events/43166-european-commission-proposes-new-set-of-measures-to-address-deforestation-waste.md) | +2.5% | +9.4% |
| PALMOIL | 2022-02-07 | [EU ministers to debate proposal on deforestation-related products on 21 February \| AGENCE EUROPE](https://feedsoft.ai/events/42736-eu-ministers-to-debate-proposal-on-deforestation-related-products-on-21.md) | -1.0% | +16.7% |

## Sources

- steptoe.com: https://www.steptoe.com/en/news-publications/global-trade-and-investment-law-blog/the-european-commissions-proposed-ban-on-products-driving-deforestation-and-forest-degradation.html

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