# The Palm Oil Industry is Changing — and the EU Can Help — CSPO

> The CSPO article, reprinted from Politico, says the EU is one of the largest palm oil markets with imports above €6 billion and that global demand is expected to grow more than 5% a year. It calls on the EU to adopt a mix of measures to address deforestation while the industry improves its practices.

- Date: 2021-02-23 · published 2021-02-23T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/48669-the-palm-oil-industry-is-changing-and-the-eu-can-help-cspo
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Steady EU demand supports palm oil prices, and possible EU deforestation measures could tighten supply of certified palm oil. Palm competes with soy and rapeseed oils in feed and biofuel uses.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-12-19 | [Palm oil industry catalyst](https://feedsoft.ai/events/15770-palm-oil-industry-catalyst.md) | -0.6% | +1.5% |
| PALMOIL | 2023-08-29 | [Malaysia: Effects of windfall profit levy on the palm oil industry](https://feedsoft.ai/events/15711-malaysia-effects-of-windfall-profit-levy-on-the-palm-oil-industry.md) | +1.2% | -3.2% |
| PALMOIL | 2023-12-13 | [Crucial 2024 likely for palm oil industry – CPOPC](https://feedsoft.ai/events/32802-crucial-2024-likely-for-palm-oil-industry-cpopc.md) | -0.3% | +0.7% |
| PALMOIL | 2019-11-01 | [Rally in palm oil 'red hot, ' analyst says \| The Star](https://feedsoft.ai/events/4284-rally-in-palm-oil-red-hot-analyst-says-the-star.md) | +12.8% | +16.7% |
| PALMOIL | 2026-03-02 | [Indonesian higher palm oil export levies come into effect and…](https://feedsoft.ai/events/15483-indonesian-higher-palm-oil-export-levies-come-into-effect-and.md) | +5.0% | +8.4% |
| SBO | 2018-08-22 | [Solving the palm oil puzzle](https://feedsoft.ai/events/63553-solving-the-palm-oil-puzzle.md) | -1.4% | -4.7% |
| SBO | 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) | +4.1% | +6.5% |
| SBO | 2022-05-24 | [Palm oil industry seeks delay to deforestation law - Unearthed](https://feedsoft.ai/events/41421-palm-oil-industry-seeks-delay-to-deforestation-law-unearthed.md) | -2.0% | -12.6% |

## Sources

- thecspo.org: https://thecspo.org/the-palm-oil-industry-is-changing-and-the-eu-can-help/

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