# Business not yet doing enough to stop commodities destroying forests

> A Reuters report says major importers including China, India, European countries and the United States have not put in place strong commitments to reduce deforestation linked to soy, palm oil, timber and cattle products. The excerpt is brief.

- Date: 2016-12-05 · published 2016-12-05T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/73505-business-not-yet-doing-enough-to-stop-commodities-destroying-forests
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Pressure on importers to adopt deforestation commitments could eventually reshape sourcing of soy and palm oil. The near-term price effect is small.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-09-29 | [Companies' ‘zero deforestation’ pledges: everything you need to know \| Guardian sustainable business \| The Guardian](https://feedsoft.ai/events/68988-companies-zero-deforestation-pledges-everything-you-need-to-know-guardian.md) | +0.9% | +1.2% |
| SOY | 2021-03-10 | [Certification schemes let forest destruction into EU market - Business and Human Rights Centre](https://feedsoft.ai/events/48154-certification-schemes-let-forest-destruction-into-eu-market-business-and-human.md) | -1.2% | -2.3% |
| SOY | 2024-01-15 | [EU Deforestation Regulation: considerations for commodities traders - Lexology](https://feedsoft.ai/events/32131-eu-deforestation-regulation-considerations-for-commodities-traders-lexology.md) | +1.5% | -1.1% |
| SOY | 2021-12-08 | [The European Commission’s new proposed deforestation regulation - what does it mean for indigenous peoples and forest communities? - Business and Human Rights Centre](https://feedsoft.ai/events/43614-the-european-commission-s-new-proposed-deforestation-regulation-what-does-it.md) | +0.7% | +10.7% |
| SOY | 2022-07-06 | [An Update: European Union Draft Law Seeking to Ban Imports and Exports of Commodities from Regions at Risk of Deforestation](https://feedsoft.ai/events/40520-an-update-european-union-draft-law-seeking-to-ban-imports-and-exports-of.md) | +1.1% | -0.4% |
| PALMOIL | 2022-05-01 | [Curb on Commodities ‘Linked  to Deforestation’ \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/41422-curb-on-commodities-linked-to-deforestation-global-oil-and-fats-business-online.md) | -2.0% | -1.2% |
| PALMOIL | 2018-05-09 | [Is certification enough to protect Southeast Asia's forests?  \| News \| Eco-Business \| Asia Pacific](https://feedsoft.ai/events/65044-is-certification-enough-to-protect-southeast-asia-s-forests-news-eco-business.md) | +1.5% | +0.2% |
| PALMOIL | 2017-09-29 | [Companies' ‘zero deforestation’ pledges: everything you need to know \| Guardian sustainable business \| The Guardian](https://feedsoft.ai/events/68988-companies-zero-deforestation-pledges-everything-you-need-to-know-guardian.md) | -2.7% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/article/companies-climatechange-commodities-agri-idUSL8N1DX3BE/

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