# New relaxations of blending mandates could reduce demand

> Finland cut its 2022 and 2023 biofuel blending mandate by 7.5 percentage points to 12%, the largest such cut in the EU so far. The move follows a European Commission statement allowing member states to relax mandates to ease land-use pressure, and other states such as Hungary are reviewing their obligations.

- Date: 2022-04-13 · published 2022-04-13T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/15405-new-relaxations-of-blending-mandates-could-reduce-demand
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weaker EU blending mandates reduce expected biofuel feedstock demand for vegetable oils and could pressure vegetable oil prices if other member states follow.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-07-10 | [EPA delaying issuing 2026 usage mandates to end of next year \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15199-epa-delaying-issuing-2026-usage-mandates-to-end-of-next-year-agri-pulse.md) | -1.3% | -6.8% |
| SBO | 2023-06-21 | [EPA Biodiesel Blending Mandate Causes Soybean Oil Futures Price Drop](https://feedsoft.ai/events/15303-epa-biodiesel-blending-mandate-causes-soybean-oil-futures-price-drop.md) | -0.5% | +5.8% |
| SBO | 2017-10-02 | [Tax credit expiration prompts rethinking of RFS mandates - Governors' Biofuels Coalition](https://feedsoft.ai/events/68342-tax-credit-expiration-prompts-rethinking-of-rfs-mandates-governors-biofuels.md) | +0.4% | +7.0% |
| SBO | 2023-06-29 | [U.S. renewable fuel mandate muddies demand outlook - Manitoba Co-operator](https://feedsoft.ai/events/35587-u-s-renewable-fuel-mandate-muddies-demand-outlook-manitoba-co-operator.md) | +8.3% | +13.9% |
| SBO | 2021-08-20 | [Biden may reduce biofuel quotas, handing a win to oil-state Democrats](https://feedsoft.ai/events/45441-biden-may-reduce-biofuel-quotas-handing-a-win-to-oil-state-democrats.md) | -2.5% | -7.0% |
| PALMOIL | 2024-07-10 | [EPA delaying issuing 2026 usage mandates to end of next year \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15199-epa-delaying-issuing-2026-usage-mandates-to-end-of-next-year-agri-pulse.md) | -0.0% | -1.6% |
| PALMOIL | 2022-11-03 | [New EU deforestation regulation could threaten the palm oil sector](https://feedsoft.ai/events/38694-new-eu-deforestation-regulation-could-threaten-the-palm-oil-sector.md) | -3.2% | -0.2% |
| PALMOIL | 2022-12-05 | [Veg oils: Markets weighed down by disappointing US blending mandates - Fastmarkets](https://feedsoft.ai/events/38341-veg-oils-markets-weighed-down-by-disappointing-us-blending-mandates-fastmarkets.md) | +1.3% | +7.0% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/new-relaxations-on-blending-mandates-could-reduce-biofuels-demand/

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