# Pressure mounts on President-elect as EU Commission opens door to regulating supply chains to tackle deforestation - Fern

> Fern welcomed the European Commission's opening to regulating EU commodity imports such as palm oil, beef, soy and cocoa to limit deforestation risk. The NGO urged the incoming Commission under Ursula von der Leyen to pass laws requiring companies to prove goods are free of deforestation.

- Date: 2019-07-23 · published 2019-07-23T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/58117-pressure-mounts-on-president-elect-as-eu-commission-opens-door-to-regulating
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Pressure for mandatory due-diligence rules on soy and palm oil imports could raise compliance costs for feed-grade soy and soymeal flows into Europe over time.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-11-14 | [Pressure mounts on EU to act as France calls for action on deforestation - Fern](https://feedsoft.ai/events/62074-pressure-mounts-on-eu-to-act-as-france-calls-for-action-on-deforestation-fern.md) | +1.6% | +4.6% |
| SOY | 2024-06-25 | [Ensuring deforestation-free supply chains: The new EU regulation - EFS Consulting](https://feedsoft.ai/events/29775-ensuring-deforestation-free-supply-chains-the-new-eu-regulation-efs-consulting.md) | -1.3% | -4.9% |
| SOY | 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) | +1.5% | -1.1% |
| SOY | 2023-12-15 | [EU Regulation on deforestation-free supply chains \| Legal Guidance \| LexisNexis](https://feedsoft.ai/events/32715-eu-regulation-on-deforestation-free-supply-chains-legal-guidance-lexisnexis.md) | -1.3% | -6.6% |
| SOY | 2024-05-23 | [From bean to bar: Locating and Reporting Cocoa Supply Chain Data Under the EU Deforestation Regulation - Bird & Bird](https://feedsoft.ai/events/30264-from-bean-to-bar-locating-and-reporting-cocoa-supply-chain-data-under-the-eu.md) | -2.9% | -6.9% |
| PALMOIL | 2018-11-14 | [Pressure mounts on EU to act as France calls for action on deforestation - Fern](https://feedsoft.ai/events/62074-pressure-mounts-on-eu-to-act-as-france-calls-for-action-on-deforestation-fern.md) | -0.6% | -0.1% |
| PALMOIL | 2023-12-15 | [EU Regulation on deforestation-free supply chains \| Legal Guidance \| LexisNexis](https://feedsoft.ai/events/32715-eu-regulation-on-deforestation-free-supply-chains-legal-guidance-lexisnexis.md) | +0.4% | +2.0% |
| PALMOIL | 2024-05-23 | [From bean to bar: Locating and Reporting Cocoa Supply Chain Data Under the EU Deforestation Regulation - Bird & Bird](https://feedsoft.ai/events/30264-from-bean-to-bar-locating-and-reporting-cocoa-supply-chain-data-under-the-eu.md) | +0.6% | +1.7% |

## Sources

- fern.org: https://www.fern.org/publications-insight/article/pressure-mounts-on-president-elect-as-eu-commission-opens-door-to-regulating-supply-chains-to-tackle-deforestation-2001/

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