# Parliament resolves to tackle EU’s role in driving illegal deforestation through imports of agro-commodities | Earthsight

> Earthsight reports that the EU Parliament's 4 April resolution calls for action on tropical deforestation, including regulations addressing the EU's role in importing agricultural commodities grown on illegally deforested land. The resolution focused mainly on palm oil but also covered soy and beef.

- Date: 2017-04-21 · published 2017-04-21T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/71524-parliament-resolves-to-tackle-eu-s-role-in-driving-illegal-deforestation
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Possible EU regulation of imports linked to deforestation could curb demand for palm oil, soy and beef, a bearish signal for palm oil and soybean meal flows into Europe, though no binding measure exists yet.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-11-15 | [European Parliament pass bill to ban imports of deforestation-linked commodities \| NGIS](https://feedsoft.ai/events/38692-european-parliament-pass-bill-to-ban-imports-of-deforestation-linked.md) | -3.2% | -2.1% |
| PALMOIL | 2020-11-10 | [The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern](https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported.md) | +3.2% | +6.7% |
| PALMOIL | 2021-11-16 | [EU Targets Key Commodities in New Rules to Prevent Deforestation - Bloomberg](https://feedsoft.ai/events/44101-eu-targets-key-commodities-in-new-rules-to-prevent-deforestation-bloomberg.md) | +1.7% | -6.5% |
| PALMOIL | 2023-04-20 | [EU Regulation on deforestation-free products: What comes next for importers / exporters of agricultural commodities? \| BLOMSTEIN](https://feedsoft.ai/events/36440-eu-regulation-on-deforestation-free-products-what-comes-next-for-importers.md) | -1.0% | -8.6% |
| PALMOIL | 2023-01-16 | [MEPs approve Parliament/Council agreement on ‘imported deforestation’ EU regulation \| AGENCE EUROPE](https://feedsoft.ai/events/37812-meps-approve-parliament-council-agreement-on-imported-deforestation-eu.md) | +0.7% | +0.1% |
| SOY | 2022-11-15 | [European Parliament pass bill to ban imports of deforestation-linked commodities \| NGIS](https://feedsoft.ai/events/38692-european-parliament-pass-bill-to-ban-imports-of-deforestation-linked.md) | -0.3% | +2.6% |
| SOY | 2020-11-10 | [The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern](https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported.md) | +4.4% | +3.7% |
| SOY | 2021-11-16 | [EU Targets Key Commodities in New Rules to Prevent Deforestation - Bloomberg](https://feedsoft.ai/events/44101-eu-targets-key-commodities-in-new-rules-to-prevent-deforestation-bloomberg.md) | +1.4% | +0.2% |

## Sources

- earthsight.org.uk: https://www.earthsight.org.uk/news/idm/parliament-resolves-tackle-eu-role-driving-illegal-deforestation-imports-agro-commodities

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