# Stepping up EU action to protect and restore the world's forests | European Committee of the Regions

> The European Committee of the Regions adopted an opinion calling for policy coherence to protect and restore the world's forests. It urges EU action to guarantee consumption of deforestation-free supply chains, with traceability and enforcement for products such as coffee, cocoa, palm oil and livestock products.

- Date: 2020-07-02 · published 2020-07-02T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/52140-stepping-up-eu-action-to-protect-and-restore-the-world-s-forests-european
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Pressure for deforestation-free supply chains could raise traceability costs for palm oil, soy and beef sourced into Europe, a gradual rather than immediate price driver.

## Read by commodity

- SOY: neutral
- LCATTLE: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-07-23 | [EU Communication (2019) on stepping up EU action to protect and restore the world’s forests - European Commission](https://feedsoft.ai/events/58112-eu-communication-2019-on-stepping-up-eu-action-to-protect-and-restore-the-world.md) | +0.8% | +7.8% |
| PALMOIL | 2022-07-06 | [An Update: European Union Draft Law Seeking to Ban Imports and Exports of Commodities from Regions at Risk of Deforestation](https://feedsoft.ai/events/40520-an-update-european-union-draft-law-seeking-to-ban-imports-and-exports-of.md) | -1.3% | -9.0% |
| PALMOIL | 2022-01-21 | [Comparing Recent Deforestation Measures  of the United States, European Union, and United Kingdom \| Steptoe](https://feedsoft.ai/events/43167-comparing-recent-deforestation-measures-of-the-united-states-european-union-and.md) | +1.1% | +8.7% |
| PALMOIL | 2019-02-28 | [Stepping up EU action on deforestation and forest degradation – Global Canopy](https://feedsoft.ai/events/60626-stepping-up-eu-action-on-deforestation-and-forest-degradation-global-canopy.md) | -4.2% | -5.1% |
| PALMOIL | 2024-07-31 | [The impact of European Union deforestation regulation: Four lessons from Peru's journey](https://feedsoft.ai/events/29292-the-impact-of-european-union-deforestation-regulation-four-lessons-from-peru-s.md) | -1.9% | +1.5% |
| SOY | 2019-07-23 | [EU Communication (2019) on stepping up EU action to protect and restore the world’s forests - European Commission](https://feedsoft.ai/events/58112-eu-communication-2019-on-stepping-up-eu-action-to-protect-and-restore-the-world.md) | -0.3% | -3.9% |
| SOY | 2022-07-06 | [An Update: European Union Draft Law Seeking to Ban Imports and Exports of Commodities from Regions at Risk of Deforestation](https://feedsoft.ai/events/40520-an-update-european-union-draft-law-seeking-to-ban-imports-and-exports-of.md) | +1.1% | -0.4% |
| SOY | 2022-01-21 | [Comparing Recent Deforestation Measures  of the United States, European Union, and United Kingdom \| Steptoe](https://feedsoft.ai/events/43167-comparing-recent-deforestation-measures-of-the-united-states-european-union-and.md) | +1.6% | +11.7% |

## Sources

- cor.europa.eu: https://www.cor.europa.eu/en/our-work/opinions/cdr-4601-2019

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