# EUR-Lex - 52021PC0706 - EN - EUR-Lex

> The European Commission published its formal proposal for a regulation on making available on the EU market, and exporting from the EU, commodities and products linked to deforestation and forest degradation. The proposal would repeal Regulation (EU) No 995/2010 and cites cattle, wood, palm oil, soy, cocoa and coffee as the main drivers of forest loss.

- Date: 2021-11-17 · published 2021-11-17T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/44099-eur-lex-52021pc0706-en-eur-lex
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

If adopted, importers would need to prove their supply chains are deforestation-free, which could raise compliance costs and slow EU-bound flows of soy and palm oil. The proposal still has to pass through Parliament and Council, so the near-term price effect is limited.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-05-22 | [New EUDR-obligations for importing products - Lexology](https://feedsoft.ai/events/30262-new-eudr-obligations-for-importing-products-lexology.md) | -1.8% | -6.6% |
| SOY | 2020-11-10 | [The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern](https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported.md) | +4.4% | +3.7% |
| SOY | 2023-04-19 | [Parliament adopts new law to fight global deforestation  \| News \| European Parliament](https://feedsoft.ai/events/36437-parliament-adopts-new-law-to-fight-global-deforestation-news-european-parliament.md) | -4.9% | -10.2% |
| SOY | 2025-11-26 | [European Parliament supports year-long deforestation law delay \| Reuters](https://feedsoft.ai/events/21985-european-parliament-supports-year-long-deforestation-law-delay-reuters.md) | -0.8% | -5.5% |
| SOY | 2024-04-08 | [The EU Deforestation Regulation is a complex and costly undertaking - Rabobank](https://feedsoft.ai/events/30767-the-eu-deforestation-regulation-is-a-complex-and-costly-undertaking-rabobank.md) | -0.9% | +1.4% |
| PALMOIL | 2026-02-28 | [Are You Ready? The EU deforestation regulation - Lexology](https://feedsoft.ai/events/20611-are-you-ready-the-eu-deforestation-regulation-lexology.md) | +5.0% | +8.4% |
| PALMOIL | 2021-03-23 | [Malaysia's biodiesel exports in 2021 seen falling to four-year low](https://feedsoft.ai/events/47982-malaysia-s-biodiesel-exports-in-2021-seen-falling-to-four-year-low.md) | -0.5% | -2.8% |
| PALMOIL | 2024-05-22 | [New EUDR-obligations for importing products - Lexology](https://feedsoft.ai/events/30262-new-eudr-obligations-for-importing-products-lexology.md) | +0.7% | +2.2% |

## Sources

- eur-lex.europa.eu: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A52021PC0706

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