# EU unveils 'Action Plan' on Deforestation | Both ENDS

> The European Commission published a Communication on stepping up EU action against deforestation on 23 July 2019. Both ENDS welcomed it as a step forward but criticized it for lacking binding measures or a rights-based supply chain approach. The EU is a major importer of soy, palm oil, beef, coffee and cacao linked to deforestation.

- Date: 2019-08-02 · published 2019-08-02T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/57625-eu-unveils-action-plan-on-deforestation-both-ends
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Possible future EU regulation of commodity supply chains could eventually restrict imports of soy, palm oil and beef, but no binding measures exist yet, so the near-term price impact is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-12-14 | [Record submissions to public consultation urge EU to act on deforestation \| Both ENDS](https://feedsoft.ai/events/49669-record-submissions-to-public-consultation-urge-eu-to-act-on-deforestation-both.md) | +5.1% | +22.5% |
| SOY | 2017-09-18 | [Figueres calls for EU action plan on ‘imported deforestation’ \| Rapporteur](https://feedsoft.ai/events/68981-figueres-calls-for-eu-action-plan-on-imported-deforestation-rapporteur.md) | +1.6% | +3.3% |
| SOY | 2020-07-10 | [EU’s trade deals can put an end to deforestation](https://feedsoft.ai/events/52143-eu-s-trade-deals-can-put-an-end-to-deforestation.md) | -0.5% | -1.9% |
| SOY | 2019-06-06 | [Driving forward European action on tropical deforestation](https://feedsoft.ai/events/58615-driving-forward-european-action-on-tropical-deforestation.md) | +0.9% | +1.8% |
| SOY | 2024-08-01 | [EU Deforestation Regulation (EUDR)](https://feedsoft.ai/events/29296-eu-deforestation-regulation-eudr.md) | -0.8% | -6.8% |
| SBM | 2020-09-11 | [Have your say on the EU’s deforestation policy \| Both ENDS](https://feedsoft.ai/events/51142-have-your-say-on-the-eu-s-deforestation-policy-both-ends.md) | +6.2% | +15.5% |
| SBM | 2021-04-26 | [On the EU’s plate every day: deforestation and natural destruction](https://feedsoft.ai/events/47636-on-the-eu-s-plate-every-day-deforestation-and-natural-destruction.md) | +1.2% | -4.4% |
| SBM | 2025-06-13 | [The EU Deforestation Regulation](https://feedsoft.ai/events/24239-the-eu-deforestation-regulation.md) | -3.4% | -9.4% |

## Sources

- bothends.org: https://www.bothends.org/en/Whats-new/News/EU-unveils-Action-Plan-on-Deforestation/

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