In the first vote on environmental matters of its new term, the European parliament agreed on Thursday to delay and water down new rules aiming to ensure that products sold in the European market do not come from deforested land.

Intercontinental Exchange Inc. is holding off on planned changes in coffee and cocoa markets to comply with the European Union’s deforestation regulation amid uncertainty over when the laws would take effect.

Members of the European Parliament approved postponing implementation of EUDR by one year—along with other amendments to the anti-deforestation law.

The European Parliament sought on Thursday to water down a ban on the import of commodities such as beef and soy linked to deforestation, and backed a one year delay to the new rule, in a fresh push-back against the EU's environmental agenda.

The European Parliament demanded further changes to a landmark law to tackle global deforestation, adding complications to a plan to delay the controversial rules before they take effect later this year.

BRUSSELS (Reuters) - A decision on approving Hungary's Oliver Varhelyi as the new EU commissioner for health and animal welfare has been postponed, a spokesperson for the European Parliament said on Monday.

The European Parliament on Thursday voted in favour for a delay on the implementation of an anti-deforestation regulation by a year after months of criticism. EU legislators, the majority of them from the far-right and centre-right political groups,

The European Parliament voted on Thursday for a 12-month delay to the implementation of a law banning the import of commodities linked to deforestation, and adopted a series of amendments to weaken the law itself.

The European Parliament on Thursday approved a one-year delay on implementing the bloc's sweeping anti-deforestation rules but also voted to loosen some requirements -- raising fresh uncertainty over