# Finally: European Commission announces plans to act on deforestation | WWF

> WWF welcomed the European Commission's roadmap toward a Communication on stepping up action against deforestation, expected in the second quarter of 2019. The group said the EU accounts for up to 36% of global imports of crop and livestock products linked to deforestation.

- Date: 2018-12-18 · published 2018-12-18T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/61586-finally-european-commission-announces-plans-to-act-on-deforestation-wwf
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The roadmap signals future EU measures that could curb imports of soy, palm oil and beef, a gradual bearish factor for these commodities. Adoption is not expected until mid-2019, so prices are not moved now.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-07-12 | [European Commission updates scope of products covered by ‘deforestation regulation’ \| AGENCE EUROPE](https://feedsoft.ai/events/18355-european-commission-updates-scope-of-products-covered-by-deforestation.md) | +0.5% | +3.0% |
| PALMOIL | 2019-12-16 | [Member States urge Commission to get real about fighting deforestation \| WWF](https://feedsoft.ai/events/55611-member-states-urge-commission-to-get-real-about-fighting-deforestation-wwf.md) | +0.8% | +8.9% |
| PALMOIL | 2017-03-08 | [MEPs call for measures to stem deforestation for palm oil \| AGENCE EUROPE](https://feedsoft.ai/events/72015-meps-call-for-measures-to-stem-deforestation-for-palm-oil-agence-europe.md) | -2.6% | -7.5% |
| PALMOIL | 2018-12-19 | [Commission: The EU is part of the problem of global deforestation](https://feedsoft.ai/events/61587-commission-the-eu-is-part-of-the-problem-of-global-deforestation.md) | -0.6% | +6.0% |
| PALMOIL | 2018-09-11 | [European Parliament calls for tangible EU measures to help put an end to deforestation \| AGENCE EUROPE](https://feedsoft.ai/events/63050-european-parliament-calls-for-tangible-eu-measures-to-help-put-an-end-to.md) | -1.2% | -3.7% |
| SOY | 2019-12-16 | [Member States urge Commission to get real about fighting deforestation \| WWF](https://feedsoft.ai/events/55611-member-states-urge-commission-to-get-real-about-fighting-deforestation-wwf.md) | +2.3% | +2.3% |
| SOY | 2018-12-19 | [Commission: The EU is part of the problem of global deforestation](https://feedsoft.ai/events/61587-commission-the-eu-is-part-of-the-problem-of-global-deforestation.md) | -4.2% | +0.0% |
| SOY | 2023-04-19 | [Parliament adopts new law to fight global deforestation  \| News \| European Parliament](https://feedsoft.ai/events/36437-parliament-adopts-new-law-to-fight-global-deforestation-news-european-parliament.md) | -4.9% | -10.2% |

## Sources

- wwf.mg: https://www.wwf.mg/?340459%2FFinally-European-Commission-announces-plans-to-act-on-deforestation=

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