# Proposal for deforestation labeling catches fire at the Commission – POLITICO

> POLITICO reports the European Commission is discussing labeling products by deforestation risk as a response to Amazon fires. Options under consideration also include due diligence schemes and revamped market designs, and talks remain at an early stage.

- Date: 2019-10-29 · published 2019-10-29T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/56581-proposal-for-deforestation-labeling-catches-fire-at-the-commission-politico
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Any future EU deforestation labeling or due diligence rules could raise compliance costs for soy and palm oil imports, but no legislation exists yet, so the price effect is distant.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-12-19 | [Commission: The EU is part of the problem of global deforestation](https://feedsoft.ai/events/61587-commission-the-eu-is-part-of-the-problem-of-global-deforestation.md) | -4.2% | +0.0% |
| SOY | 2017-05-02 | [FiBL - Report on the EU Common Agricultural Policy and deforestation](https://feedsoft.ai/events/71041-fibl-report-on-the-eu-common-agricultural-policy-and-deforestation.md) | -0.3% | -4.8% |
| SOY | 2019-12-16 | [Member States urge Commission to get real about fighting deforestation \| WWF](https://feedsoft.ai/events/55611-member-states-urge-commission-to-get-real-about-fighting-deforestation-wwf.md) | +2.3% | +2.3% |
| SOY | 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) | +2.6% | -1.8% |
| SOY | 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) | -2.3% | -1.1% |
| PALMOIL | 2018-12-19 | [Commission: The EU is part of the problem of global deforestation](https://feedsoft.ai/events/61587-commission-the-eu-is-part-of-the-problem-of-global-deforestation.md) | -0.6% | +6.0% |
| PALMOIL | 2019-12-16 | [Member States urge Commission to get real about fighting deforestation \| WWF](https://feedsoft.ai/events/55611-member-states-urge-commission-to-get-real-about-fighting-deforestation-wwf.md) | +0.8% | +8.9% |
| 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% |

## Sources

- politico.eu: https://www.politico.eu/article/deforestation-labeling-proposal-catches-fire-european-commission/

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