# EU must show ambitious action in proposed new law to tackle the bloc’s deforestation footprint - EIA

> The EIA and six other NGOs called on EU lawmakers to adopt an ambitious regulation combating deforestation ahead of a Commission proposal on the bloc's external deforestation footprint. The NGOs back mandatory due diligence modelled on the EU Timber Regulation, covering commodities such as beef, soy, palm oil, cocoa and coffee.

- Date: 2021-05-06 · published 2021-05-06T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/47102-eu-must-show-ambitious-action-in-proposed-new-law-to-tackle-the-bloc-s
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A binding EU due-diligence rule on soy, palm oil and cattle-linked products could raise compliance costs and traceability requirements for importers, potentially widening premiums for certified deforestation-free feedstocks. The impact on prices is prospective and depends on the final text.

## Read by commodity

- SBM: neutral
- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-03-21 | [On UN Forests Day, new studies put EU in position to take action on deforestation - EIA](https://feedsoft.ai/events/66018-on-un-forests-day-new-studies-put-eu-in-position-to-take-action-on.md) | +3.0% | +4.1% |
| SBM | 2023-09-01 | [Global impact of the EU’s anti-deforestation law](https://feedsoft.ai/events/34617-global-impact-of-the-eu-s-anti-deforestation-law.md) | -3.5% | -5.8% |
| SBM | 2023-02-22 | [Food companies under pressure to source deforestation-free products under new EU law \| articles \| ING THINK](https://feedsoft.ai/events/37352-food-companies-under-pressure-to-source-deforestation-free-products-under-new.md) | -2.2% | -7.2% |
| SBM | 2021-09-16 | [Delara Burkhardt fears lack of ambition in future European law against global deforestation imported into EU \| AGENCE EUROPE](https://feedsoft.ai/events/45101-delara-burkhardt-fears-lack-of-ambition-in-future-european-law-against-global.md) | +0.8% | -5.1% |
| SBM | 2021-01-13 | [The EU's watershed deforestation moment? - Fern](https://feedsoft.ai/events/49162-the-eu-and-039-s-watershed-deforestation-moment-fern.md) | -3.0% | -4.4% |
| PALMOIL | 2018-04-09 | [New laws are best way for EU to tackle deforestation \| ClientEarth](https://feedsoft.ai/events/65522-new-laws-are-best-way-for-eu-to-tackle-deforestation-clientearth.md) | -3.0% | -7.7% |
| PALMOIL | 2023-10-17 | [Inside the EU’s Ambitious Anti-Deforestation Regulation \| The Regulatory Review](https://feedsoft.ai/events/33661-inside-the-eu-s-ambitious-anti-deforestation-regulation-the-regulatory-review.md) | -0.6% | +2.6% |
| PALMOIL | 2023-12-11 | [The most ambitious legislative attempt to tackle deforestation worldwide ever \| United Nations Development Programme](https://feedsoft.ai/events/32717-the-most-ambitious-legislative-attempt-to-tackle-deforestation-worldwide-ever.md) | -1.0% | -0.8% |

## Sources

- eia-international.org: https://eia-international.org/news/eu-must-show-ambitious-action-in-proposed-new-law-to-tackle-the-blocs-deforestation-footprint/

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