# France calls on EU to follow its forest lead - Fern

> French Secretary of State Brune Poirson called for EU-wide measures to halt deforestation in supply chains, at a Paris meeting attended by 150 participants. France has extended its palm oil alliance and announced closer monitoring of forest-risk commodity imports, prompted by the 2018 Trase Yearbook on soy sourcing.

- Date: 2018-07-11 · published 2018-07-11T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/64062-france-calls-on-eu-to-follow-its-forest-lead-fern
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Calls for EU-wide supply chain rules point to possible future restrictions on soy and palm oil imports, a longer-term demand risk rather than an immediate price driver.

## 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 | 2018-11-22 | [Will other countries follow France’s lead on national anti-deforestation strategy?](https://feedsoft.ai/events/62081-will-other-countries-follow-france-s-lead-on-national-anti-deforestation.md) | +0.5% | +0.2% |
| 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% |
| SOY | 2024-07-05 | [EU resists calls to delay deforestation law, letter shows \| Reuters](https://feedsoft.ai/events/29291-eu-resists-calls-to-delay-deforestation-law-letter-shows-reuters.md) | -2.9% | -13.1% |
| SOY | 2019-07-24 | [Rainforest Alliance Response to EU Communication on Deforestation \| Rainforest Alliance](https://feedsoft.ai/events/58119-rainforest-alliance-response-to-eu-communication-on-deforestation-rainforest.md) | -0.8% | -3.4% |
| 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 | 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) | -2.8% | -16.7% |
| PALMOIL | 2024-07-05 | [EU resists calls to delay deforestation law, letter shows \| Reuters](https://feedsoft.ai/events/29291-eu-resists-calls-to-delay-deforestation-law-letter-shows-reuters.md) | -2.5% | -1.9% |

## Sources

- fern.org: https://www.fern.org/publications-insight/article/france-calls-on-eu-to-follow-its-forest-lead-66/

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