# EU action to protect the world’s forests – Council adopts conclusions - PubAffairs Bruxelles

> The EU Council adopted conclusions on protecting and restoring the world's forests, asking the Commission to fast-track an assessment of demand-side measures to reduce the EU's land consumption footprint. Member states stressed that current global action is insufficient to halt deforestation.

- Date: 2019-12-16 · published 2019-12-16T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/55607-eu-action-to-protect-the-world-s-forests-council-adopts-conclusions-pubaffairs
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Possible future EU regulation on deforestation-linked imports could raise compliance costs and affect demand for palm oil, soy and other commodities from forest-risk regions, but no binding measure is yet proposed.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-05-16 | [Council adopts new rules to cut deforestation worldwide](https://feedsoft.ai/events/35969-council-adopts-new-rules-to-cut-deforestation-worldwide.md) | -1.7% | -7.8% |
| PALMOIL | 2022-12-06 | [Council and Parliament strike provisional deal to cut down deforestation worldwide](https://feedsoft.ai/events/38271-council-and-parliament-strike-provisional-deal-to-cut-down-deforestation.md) | -4.6% | +3.7% |
| PALMOIL | 2023-05-19 | [EU adopts new rules for deforestation-free products \| White & Case LLP](https://feedsoft.ai/events/35970-eu-adopts-new-rules-for-deforestation-free-products-white-and-case-llp.md) | +0.3% | -1.0% |
| 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 | 2019-10-14 | [Protecting forests, natural ecosystems and human rights: a case for EU action - Fern](https://feedsoft.ai/events/56583-protecting-forests-natural-ecosystems-and-human-rights-a-case-for-eu-action-fern.md) | +2.2% | +18.7% |
| SOY | 2023-05-16 | [Council adopts new rules to cut deforestation worldwide](https://feedsoft.ai/events/35969-council-adopts-new-rules-to-cut-deforestation-worldwide.md) | -4.2% | -0.1% |
| SOY | 2022-12-06 | [Council and Parliament strike provisional deal to cut down deforestation worldwide](https://feedsoft.ai/events/38271-council-and-parliament-strike-provisional-deal-to-cut-down-deforestation.md) | +1.6% | +2.8% |
| SOY | 2023-09-25 | [Brazil Risks Losing Soy Sales to Europe Over Forest Protection Law Compliance - Bloomberg](https://feedsoft.ai/events/34126-brazil-risks-losing-soy-sales-to-europe-over-forest-protection-law-compliance.md) | -1.6% | +0.5% |

## Sources

- pubaffairsbruxelles.eu: https://www.pubaffairsbruxelles.eu/eu-institution-news/eu-action-to-protect-the-worlds-forests-council-adopts-conclusions/

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