# Brazilian soy producers and EU industry agree on responsible action plan

> IDH, AproSoja, ABIOVE, FEDIOL and FEFAC signed a memorandum of understanding to align actions toward responsible soy production in Brazil and trade in Europe. The parties back the Brazilian Forest Code and reference Mato Grosso targets to cut deforestation by 90 percent in the Amazon by 2030.

- Date: 2017-01-19 · published 2017-01-19T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/73011-brazilian-soy-producers-and-eu-industry-agree-on-responsible-action-plan
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The agreement is a voluntary framework that is unlikely to change near-term soybean or meal flows, so its price impact is minimal.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-24 | [EU and Brazilian players act to foster 'more sustainable' soy production and trade](https://feedsoft.ai/events/73006-eu-and-brazilian-players-act-to-foster-more-sustainable-soy-production-and-trade.md) | -3.3% | -3.0% |
| SOY | 2025-02-18 | [US paper industry asks Trump to seek lighter EU deforestation rules \| Reuters](https://feedsoft.ai/events/26070-us-paper-industry-asks-trump-to-seek-lighter-eu-deforestation-rules-reuters.md) | -0.7% | -2.0% |
| SOY | 2017-11-08 | [Stepping up market demand for responsible soy - Food & Agribusiness](https://feedsoft.ai/events/68002-stepping-up-market-demand-for-responsible-soy-food-and-agribusiness.md) | -2.7% | +1.7% |
| SOY | 2019-01-08 | [Poultry Producers and Feed Millers Attend USSEC’s First Poultry Nutrition Conference in Algeria - U.S. Soybean Export Council](https://feedsoft.ai/events/61229-poultry-producers-and-feed-millers-attend-ussec-s-first-poultry-nutrition.md) | -2.4% | +0.9% |
| SOY | 2025-11-03 | [Chinese buyers purchase Brazilian soybeans as prices ease over US-China trade thaw \| Reuters](https://feedsoft.ai/events/12245-chinese-buyers-purchase-brazilian-soybeans-as-prices-ease-over-us-china-trade.md) | +0.2% | +2.6% |
| SBM | 2017-01-24 | [EU and Brazilian players act to foster 'more sustainable' soy production and trade](https://feedsoft.ai/events/73006-eu-and-brazilian-players-act-to-foster-more-sustainable-soy-production-and-trade.md) | -2.6% | -1.8% |
| SBM | 2017-11-08 | [Stepping up market demand for responsible soy - Food & Agribusiness](https://feedsoft.ai/events/68002-stepping-up-market-demand-for-responsible-soy-food-and-agribusiness.md) | -1.6% | +7.9% |
| SBM | 2025-03-28 | [China absorbs massive Brazilian soy shipments in first quarter \| Reuters](https://feedsoft.ai/events/25611-china-absorbs-massive-brazilian-soy-shipments-in-first-quarter-reuters.md) | -1.9% | -0.4% |

## Sources

- idh.org: https://idh.org/news/brazilian-soy-producers-and-eu-soy-industry-agree-on-actionplan-responsible-soy

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