# Binding legislation needed to stop EU-driven global deforestation, say MEPs | News | European Parliament

> The European Parliament's environment committee adopted a report calling on the Commission to create binding EU rules halting EU-driven global deforestation, by 45 votes to 11 with 25 abstentions. The report proposes mandatory due diligence, reporting and penalties for companies placing forest-risk commodities on the EU market.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/50657-binding-legislation-needed-to-stop-eu-driven-global-deforestation-say-meps-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Mandatory EU deforestation rules could eventually restrict imports of soy, palm oil, beef and other feed-relevant commodities, adding compliance costs and traceability requirements. The impact on prices is long-term and uncertain at this stage.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-07-12 | [Climate change: new rules for companies to stop EU-driven deforestation globally \| Noticias \| Parlamento Europeo](https://feedsoft.ai/events/40519-climate-change-new-rules-for-companies-to-stop-eu-driven-deforestation-globally.md) | -8.8% | -1.3% |
| SOY | 2020-10-20 | [Broad consensus in European Parliament to call for a binding legal framework to fight deforestation driven by EU commodity imports \| AGENCE EUROPE](https://feedsoft.ai/events/50660-broad-consensus-in-european-parliament-to-call-for-a-binding-legal-framework-to.md) | +3.2% | +9.4% |
| SOY | 2025-11-20 | [EU deforestation law: Parliament to vote on simplification proposals \| 24-11-2025 \| News \| European Parliament](https://feedsoft.ai/events/21984-eu-deforestation-law-parliament-to-vote-on-simplification-proposals-24-11-2025.md) | -0.4% | -7.4% |
| SOY | 2020-07-20 | [REPORT with recommendations to the Commission on an EU legal framework to halt and reverse EU-driven global deforestation \| A9-0179/2020 \| European Parliament](https://feedsoft.ai/events/52139-report-with-recommendations-to-the-commission-on-an-eu-legal-framework-to-halt.md) | +0.8% | +0.6% |
| SOY | 2020-02-13 | [European Parliament calls for rules to end imported deforestation - Fern](https://feedsoft.ai/events/54635-european-parliament-calls-for-rules-to-end-imported-deforestation-fern.md) | +0.0% | -4.2% |
| PALMOIL | 2020-10-20 | [Broad consensus in European Parliament to call for a binding legal framework to fight deforestation driven by EU commodity imports \| AGENCE EUROPE](https://feedsoft.ai/events/50660-broad-consensus-in-european-parliament-to-call-for-a-binding-legal-framework-to.md) | +2.7% | +15.4% |
| PALMOIL | 2025-11-20 | [EU deforestation law: Parliament to vote on simplification proposals \| 24-11-2025 \| News \| European Parliament](https://feedsoft.ai/events/21984-eu-deforestation-law-parliament-to-vote-on-simplification-proposals-24-11-2025.md) | -1.4% | -1.9% |
| PALMOIL | 2020-07-20 | [REPORT with recommendations to the Commission on an EU legal framework to halt and reverse EU-driven global deforestation \| A9-0179/2020 \| European Parliament](https://feedsoft.ai/events/52139-report-with-recommendations-to-the-commission-on-an-eu-legal-framework-to-halt.md) | +2.0% | +8.9% |

## Sources

- europarl.europa.eu: https://www.europarl.europa.eu/news/en/press-room/20201001IPR88302/binding-legislation-needed-to-stop-eu-driven-global-deforestation-say-meps

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