# EU moots crackdown on deforestation through supply chains

> The European Commission proposed considering both regulatory and non-regulatory measures to ensure EU consumption comes from deforestation-free supply chains. Proposals include stronger standards and certification for commodities such as coffee, cocoa, palm oil, soy and timber. The plan sets direction for the next Commission taking office in November.

- Date: 2019-07-23 · published 2019-07-23T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/58114-eu-moots-crackdown-on-deforestation-through-supply-chains
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

If the EU later imposes supply-chain rules, soy and palm oil imports could face traceability costs, which would tighten EU supply of those commodities and support their prices.

## Read by commodity

- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-08-04 | [Deforestation-free supply chains: EU draft hints at new requirements for economic operators](https://feedsoft.ai/events/40054-deforestation-free-supply-chains-eu-draft-hints-at-new-requirements-for.md) | +8.4% | -3.2% |
| SOY | 2023-11-15 | [Regulation (EU) 2023/1115 on deforestation-free products](https://feedsoft.ai/events/33210-regulation-eu-2023-1115-on-deforestation-free-products.md) | +0.6% | -4.5% |
| SOY | 2023-11-10 | [EU anti-deforestation law could affect 20% of Amazon soy](https://feedsoft.ai/events/33216-eu-anti-deforestation-law-could-affect-20-of-amazon-soy.md) | +2.4% | -1.8% |
| SOY | 2022-09-14 | [EU groups say deforestation plan falls short \| World Grain](https://feedsoft.ai/events/39612-eu-groups-say-deforestation-plan-falls-short-world-grain.md) | -3.6% | -10.3% |
| SOY | 2022-01-27 | [EU imposes import ban on six goods to halt “imported deforestation” - Etifor](https://feedsoft.ai/events/43170-eu-imposes-import-ban-on-six-goods-to-halt-imported-deforestation-etifor.md) | +7.3% | +15.4% |
| PALMOIL | 2024-01-15 | [Regulation on deforestation-free supply chains – 12 months left](https://feedsoft.ai/events/32132-regulation-on-deforestation-free-supply-chains-12-months-left.md) | -0.2% | -1.4% |
| PALMOIL | 2022-08-04 | [Deforestation-free supply chains: EU draft hints at new requirements for economic operators](https://feedsoft.ai/events/40054-deforestation-free-supply-chains-eu-draft-hints-at-new-requirements-for.md) | +4.6% | +5.8% |
| PALMOIL | 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) | +4.0% | +1.6% |

## Sources

- climatechangenews.com: https://www.climatechangenews.com/2019/07/23/eu-moots-crackdown-deforestation-supply-chains/

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