Fakenham Town Council announced earlier this week that the annual event on Sunday, which traditionally attracts hundreds of people, would not go ahead.
In a statement, it said the decision had been taken "in line with regional advice".
Angela Glynn, council chairwoman, said it followed discussions with the Royal British Legion (RBL), which raised concerns about whether the police would be able to close the roads to allow the parade to proceed safely.
Colonel David James (right) has been thanked for his time as the chairman of the Fakenham branch of the Royal British Legion. Picture supplied by Daniel........