# European Commission takes action to tackle commodity-driven deforestation, but falls short of committing to stronger regulation and market incentives - Forest Trends

> Forest Trends welcomed the European Commission's plan on commodity-driven deforestation while criticising its reliance on voluntary partnerships. The group said the EU should move faster toward legally binding regulation of imports of palm oil, soy, timber and other commodities.

- Date: 2019-07-25 · published 2019-07-25T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/58113-european-commission-takes-action-to-tackle-commodity-driven-deforestation-but
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The advocacy push for binding import rules raises the prospect of future compliance costs for soy and palm oil supply chains, but the plan itself is non-binding and has no immediate price effect.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-12 | [EU Deforestation Regulation: European Commission provides further clarity for businesses ahead of its entry into force at the end of 2026](https://feedsoft.ai/events/17930-eu-deforestation-regulation-european-commission-provides-further-clarity-for.md) | +4.6% | +12.9% |
| SOY | 2022-09-06 | [Agricultural commodity trader responses and the effectiveness of the new EU deforestation proposal \| European Forest Institute](https://feedsoft.ai/events/39614-agricultural-commodity-trader-responses-and-the-effectiveness-of-the-new-eu.md) | +2.6% | -9.0% |
| SOY | 2022-07-06 | [An Update: European Union Draft Law Seeking to Ban Imports and Exports of Commodities from Regions at Risk of Deforestation](https://feedsoft.ai/events/40520-an-update-european-union-draft-law-seeking-to-ban-imports-and-exports-of.md) | +1.1% | -0.4% |
| SOY | 2021-12-08 | [The European Commission’s new proposed deforestation regulation - what does it mean for indigenous peoples and forest communities? - Business and Human Rights Centre](https://feedsoft.ai/events/43614-the-european-commission-s-new-proposed-deforestation-regulation-what-does-it.md) | +0.7% | +10.7% |
| SOY | 2019-07-23 | [Pressure mounts on President-elect as EU Commission opens door to regulating supply chains to tackle deforestation - Fern](https://feedsoft.ai/events/58117-pressure-mounts-on-president-elect-as-eu-commission-opens-door-to-regulating.md) | -0.3% | -3.9% |
| PALMOIL | 2023-06-29 | [The European Commission, Indonesia, and Malaysia agree to a Joint Task Force to implement the EU Deforestation Regulation - Environment](https://feedsoft.ai/events/35521-the-european-commission-indonesia-and-malaysia-agree-to-a-joint-task-force-to.md) | +10.2% | +13.2% |
| PALMOIL | 2022-09-06 | [Agricultural commodity trader responses and the effectiveness of the new EU deforestation proposal \| European Forest Institute](https://feedsoft.ai/events/39614-agricultural-commodity-trader-responses-and-the-effectiveness-of-the-new-eu.md) | -5.4% | -15.5% |
| PALMOIL | 2022-07-06 | [An Update: European Union Draft Law Seeking to Ban Imports and Exports of Commodities from Regions at Risk of Deforestation](https://feedsoft.ai/events/40520-an-update-european-union-draft-law-seeking-to-ban-imports-and-exports-of.md) | -1.3% | -9.0% |

## Sources

- forest-trends.org: https://www.forest-trends.org/pressroom/european-commission-takes-action-to-tackle-commodity-driven-deforestation-but-falls-short-of-committing-to-stronger-regulation-and-market-incentives/

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