# 2020 in review: Risks and opportunities for forests - EU REDD Facility

> EU REDD Facility reviewed 2020, noting that COVID-19 sharply reduced exports of forest-risk commodities. Partner countries are pursuing supply-chain transparency for palm oil, soy and cocoa in Latin America, West Africa and Indonesia.

- Date: 2020-12-23 · published 2020-12-23T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/49670-2020-in-review-risks-and-opportunities-for-forests-eu-redd-facility
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower exports of forest-risk commodities reflect weaker demand during the pandemic. Growing traceability requirements could also gradually raise compliance costs for soy and palm oil exporters.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-09-01 | [EU's Deforestation Regulation poses risks for companies and investors \| IFR](https://feedsoft.ai/events/34124-eu-s-deforestation-regulation-poses-risks-for-companies-and-investors-ifr.md) | -0.8% | -6.2% |
| SOY | 2021-11-24 | [Industry expert dissects soy challenges and opportunities](https://feedsoft.ai/events/44076-industry-expert-dissects-soy-challenges-and-opportunities.md) | -3.5% | +4.4% |
| SOY | 2021-05-28 | [The relationship between the upcoming EU-level initiatives on horizontal mHREDD and on forest-risk commodities - Nova BHRE](https://feedsoft.ai/events/47104-the-relationship-between-the-upcoming-eu-level-initiatives-on-horizontal-mhredd.md) | +3.0% | -13.5% |
| SOY | 2023-03-21 | [Beyond forests: traders face EU regulatory risks from soy expansion in Brazil - Insights - Trase](https://feedsoft.ai/events/36901-beyond-forests-traders-face-eu-regulatory-risks-from-soy-expansion-in-brazil.md) | -2.9% | +2.2% |
| SOY | 2024-06-28 | [The EU Deforestation Regulation: what are the challenges and opportunities for Asia Pacific companies and will the Brussels effect take hold? - Lexology](https://feedsoft.ai/events/29777-the-eu-deforestation-regulation-what-are-the-challenges-and-opportunities-for.md) | +3.1% | -6.5% |
| PALMOIL | 2023-09-01 | [EU's Deforestation Regulation poses risks for companies and investors \| IFR](https://feedsoft.ai/events/34124-eu-s-deforestation-regulation-poses-risks-for-companies-and-investors-ifr.md) | -4.5% | -7.0% |
| PALMOIL | 2023-01-31 | [What does Europe’s deforestation law mean for palm oil? RSPO talks challenges and opportunities](https://feedsoft.ai/events/37815-what-does-europe-s-deforestation-law-mean-for-palm-oil-rspo-talks-challenges.md) | -1.0% | +1.3% |
| PALMOIL | 2021-12-20 | [Lives and forests at risk: Indonesia shows flaws in EU’s plans to fight deforestation – POLITICO](https://feedsoft.ai/events/43617-lives-and-forests-at-risk-indonesia-shows-flaws-in-eu-s-plans-to-fight.md) | +1.3% | +11.0% |

## Sources

- euredd.efi.int: https://euredd.efi.int/2020-review-risks-opportunities-forests/

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