# Pressure mounts on EU to act as France calls for action on deforestation - Fern

> The French government published a national strategy to end "embodied deforestation" from its imports of soy, palm oil, beef, cocoa and wood by 2030. It also calls for an EU-wide deforestation policy by mid-2019.

- Date: 2018-11-14 · published 2018-11-14T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/62074-pressure-mounts-on-eu-to-act-as-france-calls-for-action-on-deforestation-fern
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

EU rules on deforestation-linked imports could eventually restrict or add compliance costs for soy and palm oil flows into Europe. For feed buyers, the near-term price effect is small because no binding measure exists yet.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-11 | [France calls on EU to follow its forest lead - Fern](https://feedsoft.ai/events/64062-france-calls-on-eu-to-follow-its-forest-lead-fern.md) | -1.5% | +4.3% |
| SOY | 2019-07-23 | [Pressure mounts on President-elect as EU Commission opens door to regulating supply chains to tackle deforestation - Fern](https://feedsoft.ai/events/58117-pressure-mounts-on-president-elect-as-eu-commission-opens-door-to-regulating.md) | -0.3% | -3.9% |
| SOY | 2018-11-12 | [EU states call for tough action on deforestation to meet 2020 UN goal](https://feedsoft.ai/events/62079-eu-states-call-for-tough-action-on-deforestation-to-meet-2020-un-goal.md) | +1.9% | +4.5% |
| SOY | 2017-09-18 | [Figueres calls for EU action plan on ‘imported deforestation’ \| Rapporteur](https://feedsoft.ai/events/68981-figueres-calls-for-eu-action-plan-on-imported-deforestation-rapporteur.md) | +1.6% | +3.3% |
| SOY | 2020-02-13 | [European Parliament calls for rules to end imported deforestation - Fern](https://feedsoft.ai/events/54635-european-parliament-calls-for-rules-to-end-imported-deforestation-fern.md) | +0.0% | -4.2% |
| PALMOIL | 2018-07-11 | [France calls on EU to follow its forest lead - Fern](https://feedsoft.ai/events/64062-france-calls-on-eu-to-follow-its-forest-lead-fern.md) | -3.1% | -3.3% |
| PALMOIL | 2019-07-23 | [Pressure mounts on President-elect as EU Commission opens door to regulating supply chains to tackle deforestation - Fern](https://feedsoft.ai/events/58117-pressure-mounts-on-president-elect-as-eu-commission-opens-door-to-regulating.md) | +0.8% | +7.8% |
| PALMOIL | 2018-11-12 | [EU states call for tough action on deforestation to meet 2020 UN goal](https://feedsoft.ai/events/62079-eu-states-call-for-tough-action-on-deforestation-to-meet-2020-un-goal.md) | -2.3% | -2.3% |

## Sources

- fern.org: https://www.fern.org/publications-insight/article/pressure-mounts-on-eu-to-act-as-france-calls-for-action-on-deforestation-27/

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