# RED II: Current Status of EU Member States and Its Impact on Palm Oil – Current & Future - MPOC

> The Malaysian Palm Oil Council describes how the EU's RED II renewable energy directive phases out palm-based biofuels by 2030, classifying palm oil as high indirect land-use change risk. It notes that some EU member states are moving to phase it out early. The page is an overview of current status.

- Date: 2021-08-09 · published 2021-08-09T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/45587-red-ii-current-status-of-eu-member-states-and-its-impact-on-palm-oil-current
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Early EU phase-outs reduce demand for palm oil in biodiesel, which is bearish for palm oil prices and supports the case for diverting palm to other uses.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-06-30 | [EU Acknowledges its Failed Palm Oil Policy and Indicates a Shift in Direction — CSPO](https://feedsoft.ai/events/52641-eu-acknowledges-its-failed-palm-oil-policy-and-indicates-a-shift-in-direction.md) | -0.8% | +6.7% |
| PALMOIL | 2019-06-14 | [EU biofuel ruling hits prices of palm and coconut oil \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/58690-eu-biofuel-ruling-hits-prices-of-palm-and-coconut-oil-analysis-and-features-the.md) | +0.5% | -2.1% |
| PALMOIL | 2023-09-17 | [Palm Oil News - CPO Reference Price Gets Cheaper: Hera Are CPO OF and Levy on 16–30 September 2023](https://feedsoft.ai/events/15701-palm-oil-news-cpo-reference-price-gets-cheaper-hera-are-cpo-of-and-levy-on-16.md) | -1.6% | -4.3% |
| PALMOIL | 2018-09-10 | [How Europe can get rid of its palm oil ‘monster’](https://feedsoft.ai/events/63053-how-europe-can-get-rid-of-its-palm-oil-monster.md) | -1.2% | -2.4% |
| PALMOIL | 2019-05-30 | [Call on EU to reclassify M’sian oil palm cultivation activities](https://feedsoft.ai/events/59120-call-on-eu-to-reclassify-m-sian-oil-palm-cultivation-activities.md) | +0.5% | -1.5% |

## Sources

- mpoc.org.my: https://www.mpoc.org.my/red-ii-current-status-of-eu-member-states-and-its-impact-on-palm-oil-current-future/

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