# EU imposes rules on six products to halt ‘imported deforestation’ – EUobserver

> EUobserver reported that the European Commission proposed legislation requiring companies that sell soy, beef, palm oil, wood, cocoa and coffee in the EU to ensure their production is not linked to deforestation. Companies must provide the geographic coordinates of production sites, and fines apply for breaches. The rules are simpler for low-risk countries and stricter for high-risk ones.

- Date: 2021-11-18 · published 2021-11-18T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/44103-eu-imposes-rules-on-six-products-to-halt-imported-deforestation-euobserver
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Geolocation and due-diligence requirements add traceability costs for soy and palm oil suppliers, especially from higher-risk origins. This could push EU buyers toward low-risk origins and affect relative soy and palm oil flows.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-05-03 | [EU Regulation on Deforestation-free products](https://feedsoft.ai/events/35974-eu-regulation-on-deforestation-free-products.md) | +0.9% | -9.7% |
| SOY | 2021-11-17 | [EU proposes law preventing import of goods linked to deforestation](https://feedsoft.ai/events/44100-eu-proposes-law-preventing-import-of-goods-linked-to-deforestation.md) | +1.7% | +0.9% |
| SOY | 2023-01-01 | [Regulation on Deforestation-free Products](https://feedsoft.ai/events/38269-regulation-on-deforestation-free-products.md) | -1.0% | +1.2% |
| 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 | 2024-04-02 | [EUDR: Navigating the EU Regulation on Deforestation-Free Products](https://feedsoft.ai/events/30768-eudr-navigating-the-eu-regulation-on-deforestation-free-products.md) | -0.4% | -2.1% |
| PALMOIL | 2023-05-03 | [EU Regulation on Deforestation-free products](https://feedsoft.ai/events/35974-eu-regulation-on-deforestation-free-products.md) | +9.2% | +2.0% |
| PALMOIL | 2021-11-17 | [EU proposes law preventing import of goods linked to deforestation](https://feedsoft.ai/events/44100-eu-proposes-law-preventing-import-of-goods-linked-to-deforestation.md) | +0.8% | -9.2% |
| PALMOIL | 2023-01-01 | [Regulation on Deforestation-free Products](https://feedsoft.ai/events/38269-regulation-on-deforestation-free-products.md) | +4.8% | +1.2% |

## Sources

- euobserver.com: https://euobserver.com/43657/eu-imposes-rules-on-six-products-to-halt-imported-deforestation/

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