# New EU rules to remove deforestation from supply chains – Global Canopy

> The European Commission plans to introduce legislation requiring companies to carry out due diligence on environmental impacts in their supply chains. The measures aim to reduce deforestation linked to EU imports of cattle, soy and palm oil. Global Canopy said the effectiveness will depend on the detail of the rules and on company monitoring.

- Date: 2020-05-04 · published 2020-05-04T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/53149-new-eu-rules-to-remove-deforestation-from-supply-chains-global-canopy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

If enacted, mandatory due diligence could tighten sourcing requirements for soy and palm oil imports into the EU, though the rules are still at the proposal stage with no near-term price effect.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-06-25 | [Ensuring deforestation-free supply chains: The new EU regulation - EFS Consulting](https://feedsoft.ai/events/29775-ensuring-deforestation-free-supply-chains-the-new-eu-regulation-efs-consulting.md) | -1.3% | -4.9% |
| SOY | 2023-12-15 | [EU Regulation on deforestation-free supply chains \| Legal Guidance \| LexisNexis](https://feedsoft.ai/events/32715-eu-regulation-on-deforestation-free-supply-chains-legal-guidance-lexisnexis.md) | -1.3% | -6.6% |
| SOY | 2022-07-03 | [New rules to drive down deforestation and forest degradation globally – The European Times](https://feedsoft.ai/events/40523-new-rules-to-drive-down-deforestation-and-forest-degradation-globally-the.md) | +0.9% | -2.0% |
| SOY | 2022-03-21 | [Strengthening the EU regulation on deforestation-free products – Global Canopy](https://feedsoft.ai/events/42305-strengthening-the-eu-regulation-on-deforestation-free-products-global-canopy.md) | +2.5% | +2.8% |
| SOY | 2021-05-19 | [Soy traders failing to stop deforestation, new scorecard shows – Global Canopy](https://feedsoft.ai/events/47109-soy-traders-failing-to-stop-deforestation-new-scorecard-shows-global-canopy.md) | -4.0% | -8.0% |
| PALMOIL | 2023-08-22 | [EU Adopts New Regulation To Reduce Global Deforestation](https://feedsoft.ai/events/34614-eu-adopts-new-regulation-to-reduce-global-deforestation.md) | -0.3% | -3.0% |
| PALMOIL | 2023-12-15 | [EU Regulation on deforestation-free supply chains \| Legal Guidance \| LexisNexis](https://feedsoft.ai/events/32715-eu-regulation-on-deforestation-free-supply-chains-legal-guidance-lexisnexis.md) | +0.4% | +2.0% |
| PALMOIL | 2022-07-03 | [New rules to drive down deforestation and forest degradation globally – The European Times](https://feedsoft.ai/events/40523-new-rules-to-drive-down-deforestation-and-forest-degradation-globally-the.md) | -10.8% | -14.1% |

## Sources

- globalcanopy.org: https://globalcanopy.org/insights/news/new-eu-rules-to-remove-deforestation-from-supply-chains/

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