# EU action on deforestation welcome but must include binding regulation - EIA

> EIA welcomed the European Commission's planned deforestation road map and consultation, which precedes detailed actions expected in mid-2019. The NGO urged the Commission to adopt binding due diligence regulation covering palm oil, soy and beef imports.

- Date: 2018-12-05 · published 2018-12-05T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/61584-eu-action-on-deforestation-welcome-but-must-include-binding-regulation-eia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A possible binding EU import regulation on deforestation-linked commodities would be a longer-term bearish factor for palm oil and soy demand from Europe. No immediate supply change results from the advocacy statement.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-05-03 | [EU Regulation on Deforestation-free products](https://feedsoft.ai/events/35974-eu-regulation-on-deforestation-free-products.md) | +9.2% | +2.0% |
| PALMOIL | 2026-02-11 | [The EU Deforestation Regulation (EUDR) is amended: what is the EUDR and what must companies do now?](https://feedsoft.ai/events/20606-the-eu-deforestation-regulation-eudr-is-amended-what-is-the-eudr-and-what-must.md) | -0.8% | +7.3% |
| PALMOIL | 2024-04-01 | [The EU Deforestation Regulation: Getting started now](https://feedsoft.ai/events/31227-the-eu-deforestation-regulation-getting-started-now.md) | +3.0% | -2.1% |
| PALMOIL | 2024-04-02 | [EUDR: Navigating the EU Regulation on Deforestation-Free Products](https://feedsoft.ai/events/30768-eudr-navigating-the-eu-regulation-on-deforestation-free-products.md) | +1.9% | -2.1% |
| PALMOIL | 2023-01-01 | [Regulation on Deforestation-free Products](https://feedsoft.ai/events/38269-regulation-on-deforestation-free-products.md) | +4.8% | +1.2% |
| SOY | 2023-05-03 | [EU Regulation on Deforestation-free products](https://feedsoft.ai/events/35974-eu-regulation-on-deforestation-free-products.md) | +0.9% | -9.7% |
| SOY | 2026-02-11 | [The EU Deforestation Regulation (EUDR) is amended: what is the EUDR and what must companies do now?](https://feedsoft.ai/events/20606-the-eu-deforestation-regulation-eudr-is-amended-what-is-the-eudr-and-what-must.md) | +1.0% | +6.9% |
| SOY | 2024-04-01 | [The EU Deforestation Regulation: Getting started now](https://feedsoft.ai/events/31227-the-eu-deforestation-regulation-getting-started-now.md) | -0.5% | -2.7% |

## Sources

- eia-international.org: https://eia-international.org/news/eu-action-deforestation-welcome-must-include-binding-regulation/

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