# EU Considers Future of Illegal Logging and Deforestation Policy - ITTO European Market Report 15th August 2017 - Forest Industries Intelligence

> Two June 2017 conferences in Europe discussed illegal logging and deforestation policy, reaffirming the EU's commitment to trade-related measures. Discussion also covered the EU FLEGT Action Plan, whose spending is now expected to exceed €1 billion, and a possible new EU action plan on wider deforestation drivers.

- Date: 2017-08-15 · published 2017-08-15T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/69459-eu-considers-future-of-illegal-logging-and-deforestation-policy-itto-european
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tighter EU timber legality rules could affect tropical wood product exports, but the impact on feed commodity prices is indirect and minor.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-07-25 | [European Commission takes action to tackle commodity-driven deforestation, but falls short of committing to stronger regulation and market incentives - Forest Trends](https://feedsoft.ai/events/58113-european-commission-takes-action-to-tackle-commodity-driven-deforestation-but.md) | -3.0% | -3.4% |
| SOY | 2021-09-16 | [Delara Burkhardt fears lack of ambition in future European law against global deforestation imported into EU \| AGENCE EUROPE](https://feedsoft.ai/events/45101-delara-burkhardt-fears-lack-of-ambition-in-future-european-law-against-global.md) | -0.9% | -7.7% |
| 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 | 2020-07-01 | [Fight against EU-induced deforestation requires a duty of care, according to draft ‘Burkhardt report’ \| AGENCE EUROPE](https://feedsoft.ai/events/52141-fight-against-eu-induced-deforestation-requires-a-duty-of-care-according-to.md) | +1.2% | +0.8% |
| SOY | 2020-07-20 | [REPORT with recommendations to the Commission on an EU legal framework to halt and reverse EU-driven global deforestation \| A9-0179/2020 \| European Parliament](https://feedsoft.ai/events/52139-report-with-recommendations-to-the-commission-on-an-eu-legal-framework-to-halt.md) | +0.8% | +0.6% |
| SBM | 2021-09-16 | [Delara Burkhardt fears lack of ambition in future European law against global deforestation imported into EU \| AGENCE EUROPE](https://feedsoft.ai/events/45101-delara-burkhardt-fears-lack-of-ambition-in-future-european-law-against-global.md) | +0.8% | -5.1% |
| SBM | 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) | -1.5% | -5.3% |
| SBM | 2020-07-01 | [Fight against EU-induced deforestation requires a duty of care, according to draft ‘Burkhardt report’ \| AGENCE EUROPE](https://feedsoft.ai/events/52141-fight-against-eu-induced-deforestation-requires-a-duty-of-care-according-to.md) | +1.9% | +0.2% |

## Sources

- forestindustries.info: https://forestindustries.info/eu-considers-future-of-illegal-logging-and-deforestation-policy-itto-european-market-report-15th-august-2017

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