# Sustainable supply chains - one step closer to UK legislation on deforestation risks - Supply Chain Council of European Union | Scceu.org

> The UK government responded on 11 November 2020 to its deforestation consultation by fast-tracking amendments to the Environment Bill. If passed, companies above a turnover threshold must use only forest risk commodities produced legally, carry out supply chain due diligence and publicly report it, with fines for non-compliance. The amendments are being debated in the House of Commons.

- Date: 2020-11-27 · published 2020-11-27T12:00:00.000Z
- Category: policy · region UK · magnitude low
- Page: https://feedsoft.ai/events/50186-sustainable-supply-chains-one-step-closer-to-uk-legislation-on-deforestation
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

If enacted, UK importers of soy, palm oil and other forest risk commodities would face compliance costs and documentation requirements. The UK is a small buyer, so the effect on global feed prices would be modest.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-10 | [The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern](https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported.md) | +4.4% | +3.7% |
| SOY | 2018-12-18 | [Finally: European Commission announces plans to act on deforestation \| WWF](https://feedsoft.ai/events/61586-finally-european-commission-announces-plans-to-act-on-deforestation-wwf.md) | -2.3% | -1.1% |
| SOY | 2024-03-05 | [EUDR: Is the food industry ready to prove its supply chains are deforestation-free?](https://feedsoft.ai/events/31226-eudr-is-the-food-industry-ready-to-prove-its-supply-chains-are-deforestation.md) | +1.6% | +2.4% |
| SOY | 2023-06-12 | [European Union Publishes Deforestation Regulation \| Insights \| Mayer Brown](https://feedsoft.ai/events/35524-european-union-publishes-deforestation-regulation-insights-mayer-brown.md) | +5.8% | +9.7% |
| 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% |
| PALMOIL | 2020-11-10 | [The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern](https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported.md) | +3.2% | +6.7% |
| PALMOIL | 2018-12-18 | [Finally: European Commission announces plans to act on deforestation \| WWF](https://feedsoft.ai/events/61586-finally-european-commission-announces-plans-to-act-on-deforestation-wwf.md) | +0.6% | +6.4% |
| PALMOIL | 2024-03-05 | [EUDR: Is the food industry ready to prove its supply chains are deforestation-free?](https://feedsoft.ai/events/31226-eudr-is-the-food-industry-ready-to-prove-its-supply-chains-are-deforestation.md) | +4.4% | +8.7% |

## Sources

- scceu.org: https://scceu.org/sustainable-supply-chains-one-step-closer-to-uk-legislation-on-deforestation-risks/

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