# EU lawmakers vote to blacklist soy biodiesel over sustainability concerns | Euractiv

> The European Parliament's industry committee voted on 13 July to restrict soy oil as a feedstock for EU biofuel production, placing it on the same footing as palm oil. Lawmakers also want the phase-out of palm and soy biofuel feedstocks, currently set for 2030, to start as soon as the directive enters into force. About 73% of EU biodiesel soybeans come from South America.

- Date: 2022-07-14 · published 2022-07-14T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/40522-eu-lawmakers-vote-to-blacklist-soy-biodiesel-over-sustainability-concerns
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Removing soy oil and palm oil from the biofuel quota would cut EU biodiesel demand for vegetable oils, which is bearish for soy oil and palm oil prices. Soybean meal could also see some pressure as crush margins adjust.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-12-02 | [What Do Lackluster Biodiesel RFS Volumes Mean for Soy Crush Expansion?](https://feedsoft.ai/events/15349-what-do-lackluster-biodiesel-rfs-volumes-mean-for-soy-crush-expansion.md) | -5.8% | -8.4% |
| SBO | 2024-11-14 | [Clean Fuels, soy growers urge Congress to extend biodiesel tax credit](https://feedsoft.ai/events/15172-clean-fuels-soy-growers-urge-congress-to-extend-biodiesel-tax-credit.md) | -3.9% | -7.1% |
| SBO | 2017-09-27 | [EPA signals cut to U.S. biodiesel blending; soyoil prices drop - Governors' Biofuels Coalition](https://feedsoft.ai/events/69027-epa-signals-cut-to-u-s-biodiesel-blending-soyoil-prices-drop-governors-biofuels.md) | -2.2% | +3.3% |
| SBO | 2021-07-19 | [New Argentina biodiesel law to weigh on international soyoil prices -industry \| Financial Post](https://feedsoft.ai/events/46141-new-argentina-biodiesel-law-to-weigh-on-international-soyoil-prices-industry.md) | -0.1% | -1.4% |
| SBO | 2022-12-01 | [Soybeans slide lower on biodiesel woes – The Seam](https://feedsoft.ai/events/9755-soybeans-slide-lower-on-biodiesel-woes-the-seam.md) | -9.7% | -10.5% |
| PALMOIL | 2018-05-07 | [EU trade tools unable to contain unsustainable biodiesel imports \| T&E](https://feedsoft.ai/events/65039-eu-trade-tools-unable-to-contain-unsustainable-biodiesel-imports-t-and-e.md) | +1.2% | +1.8% |
| PALMOIL | 2018-06-21 | [Sustainability must be the norm in Europe to ensure palm oil and other commodities do not destroy forests - EIA](https://feedsoft.ai/events/64536-sustainability-must-be-the-norm-in-europe-to-ensure-palm-oil-and-other.md) | +0.3% | -5.6% |
| PALMOIL | 2025-04-17 | [Indonesia raises concerns over EU deforestation law’s impact on smallholders](https://feedsoft.ai/events/25155-indonesia-raises-concerns-over-eu-deforestation-law-s-impact-on-smallholders.md) | +0.1% | -3.5% |

## Sources

- euractiv.com: https://www.euractiv.com/news/eu-lawmakers-vote-to-blacklist-soy-biodiesel-over-sustainability-concerns/

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