# How palm oil is certified ‘sustainable’

> An explainer on palm oil sustainability certification, noting that about half of EU palm oil imports in 2018 went to biodiesel. It says that demand is set to decline because the EU no longer treats palm oil as a renewable fuel.

- Date: 2019-11-05 · published 2019-11-05T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/56086-how-palm-oil-is-certified-sustainable
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Shrinking EU biodiesel demand for palm oil is a bearish factor for palm oil prices, and it may shift vegetable oil demand toward soy oil.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-04-04 | [MEPs vote to ban the use of palm oil in biofuels \| Guardian sustainable business \| The Guardian](https://feedsoft.ai/events/71526-meps-vote-to-ban-the-use-of-palm-oil-in-biofuels-guardian-sustainable-business.md) | -2.0% | -2.1% |
| PALMOIL | 2024-05-18 | [EU-Malaysia Joint Press Statement on EU Deforestation-Free Regulation (EUDR) and the Malaysian Sustainable Palm Oil (MSPO) Certification Scheme \| EEAS](https://feedsoft.ai/events/30261-eu-malaysia-joint-press-statement-on-eu-deforestation-free-regulation-eudr-and.md) | -0.3% | +1.7% |
| 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 | 2019-05-10 | [EU’s Palm Oil Challenge: How Should Singapore Respond? \| RSIS](https://feedsoft.ai/events/59116-eu-s-palm-oil-challenge-how-should-singapore-respond-rsis.md) | +2.0% | +0.7% |
| PALMOIL | 2018-08-22 | [Solving the palm oil puzzle](https://feedsoft.ai/events/63553-solving-the-palm-oil-puzzle.md) | -0.3% | -2.2% |

## Sources

- dialogue.earth: https://dialogue.earth/en/business/11629-how-palm-oil-is-certified-sustainable/

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