Deforestation Rules Split Soy Supply Into Two Streams
The European Union Deforestation Regulation requires operators placing soy on the European market to hold geolocation data proving the material did not originate from land deforested after December 2020. That obligation has divided Brazilian and Argentine supply into documented and undocumented streams that trade at visibly different values, and it has pushed traders to rebuild origination systems around plot-level records rather than around elevator receipts. Compliance costs money and time, but non-compliant cargoes simply lose access to European buyers. Certified material now represents a meaningful and rising share of the flow into the bloc.
Market Impact: Adds 34 million tonnes demand








