# EU Acknowledges its Failed Palm Oil Policy and Indicates a Shift in Direction — CSPO

> An industry-oriented commentary says the EU's de facto ban on palm oil for biodiesel, adopted last year, has disrupted trade with Asia and fuelled calls for boycotts. It argues the EU approach is protectionist and lacks scientific consensus on its effectiveness.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/52641-eu-acknowledges-its-failed-palm-oil-policy-and-indicates-a-shift-in-direction
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Continued disputes over EU palm restrictions keep Asian demand for palm oil under pressure, a bearish factor for palm and its competing vegetable oils.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-11-21 | [Policy Brief: EU’s Renewable Energy Directive (RED) II and Implications on Palm Oil Trade - CARI ASEAN Research and Advocacy](https://feedsoft.ai/events/56084-policy-brief-eu-s-renewable-energy-directive-red-ii-and-implications-on-palm.md) | 0.0% | +9.3% |
| PALMOIL | 2017-11-03 | [Possible WTO action, if EU's Renewable Energy Directive exclude palm oil](https://feedsoft.ai/events/67871-possible-wto-action-if-eu-s-renewable-energy-directive-exclude-palm-oil.md) | -0.5% | -4.7% |
| PALMOIL | 2021-08-09 | [RED II: Current Status of EU Member States and Its Impact on Palm Oil – Current & Future - MPOC](https://feedsoft.ai/events/45587-red-ii-current-status-of-eu-member-states-and-its-impact-on-palm-oil-current.md) | +3.6% | +3.1% |
| PALMOIL | 2023-04-28 | [Crude palm oil prices dive to six-month low as Indonesia revises export policy - Fastmarkets](https://feedsoft.ai/events/4383-crude-palm-oil-prices-dive-to-six-month-low-as-indonesia-revises-export-policy.md) | -9.7% | -7.7% |
| PALMOIL | 2022-09-22 | [Indonesia’s shifting export policies in an effort to boost Crude Palm Oil exports \| Edelman Global Advisory](https://feedsoft.ai/events/15790-indonesia-s-shifting-export-policies-in-an-effort-to-boost-crude-palm-oil.md) | -3.8% | -1.5% |
| SBO | 2021-02-23 | [The Palm Oil Industry is Changing — and the EU Can Help — CSPO](https://feedsoft.ai/events/48669-the-palm-oil-industry-is-changing-and-the-eu-can-help-cspo.md) | +2.0% | +19.7% |
| SBO | 2019-08-27 | [Palm oil: Indonesia and Malaysia push back as EU clamps down - Nikkei Asia](https://feedsoft.ai/events/57462-palm-oil-indonesia-and-malaysia-push-back-as-eu-clamps-down-nikkei-asia.md) | +1.9% | +3.1% |
| SBO | 2017-11-07 | [EU palm oil policies are undermining Europe’s goals in South-East Asia](https://feedsoft.ai/events/68001-eu-palm-oil-policies-are-undermining-europe-s-goals-in-south-east-asia.md) | -1.2% | -3.8% |

## Sources

- thecspo.org: https://thecspo.org/eu-acknowledges-its-failed-palm-oil-policy-and-indicates-a-shift-in-direction/

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