# Commission: The EU is part of the problem of global deforestation

> The European Commission published a roadmap to address global deforestation, seeking feedback until January 15, 2019. The Commission said increased production of soy, beef, palm oil, coffee and cocoa drives almost 80% of deforestation, and that EU demand contributes to the problem.

- Date: 2018-12-19 · published 2018-12-19T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/61587-commission-the-eu-is-part-of-the-problem-of-global-deforestation
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The EU signalling tougher action on deforestation-linked commodities points to possible future import limits on soy, palm oil and beef. The effect on prices remains a longer-term risk rather than an immediate shift.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-10-29 | [Proposal for deforestation labeling catches fire at the Commission – POLITICO](https://feedsoft.ai/events/56581-proposal-for-deforestation-labeling-catches-fire-at-the-commission-politico.md) | +13.0% | +17.4% |
| 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 | 2018-12-18 | [Finally: European Commission announces plans to act on deforestation \| WWF](https://feedsoft.ai/events/61586-finally-european-commission-announces-plans-to-act-on-deforestation-wwf.md) | +0.6% | +6.4% |
| PALMOIL | 2021-11-17 | [EU proposes law preventing import of goods linked to deforestation](https://feedsoft.ai/events/44100-eu-proposes-law-preventing-import-of-goods-linked-to-deforestation.md) | +0.8% | -9.2% |
| PALMOIL | 2020-11-02 | [Proposal from the European Parliament on Deforestation Due Diligence](https://feedsoft.ai/events/50182-proposal-from-the-european-parliament-on-deforestation-due-diligence.md) | +7.4% | +13.1% |
| SOY | 2019-10-29 | [Proposal for deforestation labeling catches fire at the Commission – POLITICO](https://feedsoft.ai/events/56581-proposal-for-deforestation-labeling-catches-fire-at-the-commission-politico.md) | +0.5% | -3.1% |
| SOY | 2017-05-02 | [FiBL - Report on the EU Common Agricultural Policy and deforestation](https://feedsoft.ai/events/71041-fibl-report-on-the-eu-common-agricultural-policy-and-deforestation.md) | -0.3% | -4.8% |
| SOY | 2018-12-18 | [Finally: European Commission announces plans to act on deforestation \| WWF](https://feedsoft.ai/events/61586-finally-european-commission-announces-plans-to-act-on-deforestation-wwf.md) | -2.3% | -1.1% |

## Sources

- agnavigator.com: https://www.agnavigator.com/Article/2018/12/19/commission-the-eu-is-part-of-the-problem-of-global-deforestation/

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