# The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern

> On 22 October 2020 the European Parliament adopted MEP Delara Burckhardt's report calling on the Commission to make due diligence on deforestation and human rights mandatory for goods placed on the EU market. The report also covers financial-institution due diligence and traceability obligations. It passed by a narrow margin of 24 votes above the 353 needed.

- Date: 2020-11-10 · published 2020-11-10T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The report signals rising EU pressure on imports of soy, palm oil and beef tied to deforestation. Its non-binding status and the need for a Commission proposal limit near-term price effects, but it adds to longer-term demand risk for these commodities.

## 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 | 2020-11-02 | [Proposal from the European Parliament on Deforestation Due Diligence](https://feedsoft.ai/events/50182-proposal-from-the-european-parliament-on-deforestation-due-diligence.md) | +4.0% | +10.6% |
| SOY | 2023-01-16 | [MEPs approve Parliament/Council agreement on ‘imported deforestation’ EU regulation \| AGENCE EUROPE](https://feedsoft.ai/events/37812-meps-approve-parliament-council-agreement-on-imported-deforestation-eu.md) | -3.1% | +0.3% |
| 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 | 2025-12-22 | [European Parliament Delays EUDR Implementation: Impact on Soy Imports](https://feedsoft.ai/events/21528-european-parliament-delays-eudr-implementation-impact-on-soy-imports.md) | +0.0% | +1.5% |
| 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 | 2020-11-02 | [Proposal from the European Parliament on Deforestation Due Diligence](https://feedsoft.ai/events/50182-proposal-from-the-european-parliament-on-deforestation-due-diligence.md) | +7.4% | +13.1% |
| PALMOIL | 2023-01-16 | [MEPs approve Parliament/Council agreement on ‘imported deforestation’ EU regulation \| AGENCE EUROPE](https://feedsoft.ai/events/37812-meps-approve-parliament-council-agreement-on-imported-deforestation-eu.md) | +0.7% | +0.1% |

## Sources

- fern.org: https://www.fern.org/publications-insight/article/the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported-deforestation-2241/

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