# Green Deal could be a springboard for ambitious forest action - Fern

> Fern said the European Green Deal includes two forest initiatives and that the Commission will issue new regulatory measures for deforestation-free supply chains starting in 2020. The NGO warned that poor implementation could cause harm.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/55609-green-deal-could-be-a-springboard-for-ambitious-forest-action-fern
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Planned EU rules on deforestation-free supply chains could restrict or raise the cost of imports of palm oil, soy, beef and cocoa, a longer-term bearish factor for these commodities into the EU market.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| PALMOIL | 2019-05-31 | [France’s deforestation strategy – a good starting point - Fern](https://feedsoft.ai/events/59114-france-s-deforestation-strategy-a-good-starting-point-fern.md) | +0.6% | -1.4% |
| PALMOIL | 2023-06-29 | [Green Deal: New law to fight global deforestation and forest degradation driven by EU production and consumption enters into force   - Environment](https://feedsoft.ai/events/35520-green-deal-new-law-to-fight-global-deforestation-and-forest-degradation-driven.md) | +10.2% | +13.2% |
| PALMOIL | 2018-02-28 | [Halting deforestation – a critical contribution from the EU](https://feedsoft.ai/events/66514-halting-deforestation-a-critical-contribution-from-the-eu.md) | -0.9% | -2.6% |
| PALMOIL | 2022-11-03 | [New EU deforestation regulation could threaten the palm oil sector](https://feedsoft.ai/events/38694-new-eu-deforestation-regulation-could-threaten-the-palm-oil-sector.md) | -3.2% | -0.2% |
| SOY | 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) | -0.2% | -1.8% |
| SOY | 2019-05-31 | [France’s deforestation strategy – a good starting point - Fern](https://feedsoft.ai/events/59114-france-s-deforestation-strategy-a-good-starting-point-fern.md) | -2.3% | -0.1% |
| SOY | 2017-05-04 | [Drawing out links between the Common Agricultural Policy, soy, and deforestation in South America - Fern](https://feedsoft.ai/events/71038-drawing-out-links-between-the-common-agricultural-policy-soy-and-deforestation.md) | -0.4% | -5.5% |

## Sources

- fern.org: https://www.fern.org/publications-insight/article/green-deal-could-be-a-springboard-for-ambitious-forest-action-2060/

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