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.

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 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,