# EU Targets Key Commodities in New Rules to Prevent Deforestation - Bloomberg

> Bloomberg reported that the European Commission wants new deforestation rules to cover soy, beef, palm oil, wood, cocoa and coffee, along with derived products such as chocolate, leather and furniture. The plan still needs backing from EU member states and the European Parliament.

- Date: 2021-11-16 · published 2021-11-16T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/44101-eu-targets-key-commodities-in-new-rules-to-prevent-deforestation-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Coverage of soy and palm oil in a binding import rule could add compliance friction for EU buyers. Because the plan is not yet law, its price effect for feed markets stays modest for now.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-11-15 | [European Parliament pass bill to ban imports of deforestation-linked commodities \| NGIS](https://feedsoft.ai/events/38692-european-parliament-pass-bill-to-ban-imports-of-deforestation-linked.md) | -0.3% | +2.6% |
| SOY | 2023-05-16 | [Council adopts new rules to cut deforestation worldwide](https://feedsoft.ai/events/35969-council-adopts-new-rules-to-cut-deforestation-worldwide.md) | -4.2% | -0.1% |
| SOY | 2023-05-19 | [EU adopts new rules for deforestation-free products \| White & Case LLP](https://feedsoft.ai/events/35970-eu-adopts-new-rules-for-deforestation-free-products-white-and-case-llp.md) | -0.7% | +10.0% |
| SOY | 2023-04-20 | [EU Regulation on deforestation-free products: What comes next for importers / exporters of agricultural commodities? \| BLOMSTEIN](https://feedsoft.ai/events/36440-eu-regulation-on-deforestation-free-products-what-comes-next-for-importers.md) | -4.7% | -11.3% |
| SOY | 2017-04-21 | [Parliament resolves to tackle EU’s role in driving illegal deforestation through imports of agro-commodities \| Earthsight](https://feedsoft.ai/events/71524-parliament-resolves-to-tackle-eu-s-role-in-driving-illegal-deforestation.md) | -0.1% | -0.2% |
| PALMOIL | 2022-11-15 | [European Parliament pass bill to ban imports of deforestation-linked commodities \| NGIS](https://feedsoft.ai/events/38692-european-parliament-pass-bill-to-ban-imports-of-deforestation-linked.md) | -3.2% | -2.1% |
| PALMOIL | 2023-05-16 | [Council adopts new rules to cut deforestation worldwide](https://feedsoft.ai/events/35969-council-adopts-new-rules-to-cut-deforestation-worldwide.md) | -1.7% | -7.8% |
| PALMOIL | 2023-05-19 | [EU adopts new rules for deforestation-free products \| White & Case LLP](https://feedsoft.ai/events/35970-eu-adopts-new-rules-for-deforestation-free-products-white-and-case-llp.md) | +0.3% | -1.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-11-16/eu-targets-key-commodities-in-new-rules-to-prevent-deforestation

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