# ‘Bring it on,’ EU MP says of trade fight over palm biofuel phase-out

> A Dutch member of the European Parliament said the EU will proceed with phasing out palm oil-based biofuel by 2030 despite threats of retaliation from Indonesia and Malaysia. Both countries have warned of restricting European imports and possibly filing a WTO complaint. The policy is justified by deforestation and emissions concerns.

- Date: 2019-10-15 · published 2019-10-15T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/56448-bring-it-on-eu-mp-says-of-trade-fight-over-palm-biofuel-phase-out
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The EU phase-out removes a future demand outlet for palm-based biofuel, which is bearish for palm oil over the long term. Threatened retaliation by Indonesia and Malaysia adds trade risk for palm and vegetable oil flows.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-05-14 | [EU’s palm-based biofuel ban: Does it breach WTO free trade rules? \| Malaysiakini](https://feedsoft.ai/events/59117-eu-s-palm-based-biofuel-ban-does-it-breach-wto-free-trade-rules-malaysiakini.md) | +2.9% | +0.6% |
| PALMOIL | 2019-03-15 | [Europe, in bid to phase out palm biofuel, leaves fans and foes dismayed](https://feedsoft.ai/events/60107-europe-in-bid-to-phase-out-palm-biofuel-leaves-fans-and-foes-dismayed.md) | +2.4% | +2.8% |
| PALMOIL | 2018-06-14 | [EU to phase out palm oil from transport fuel by 2030 \| Reuters](https://feedsoft.ai/events/64538-eu-to-phase-out-palm-oil-from-transport-fuel-by-2030-reuters.md) | -1.2% | -6.6% |
| PALMOIL | 2019-04-15 | [Palm oil is not a green fuel, says EU \| T&E](https://feedsoft.ai/events/59610-palm-oil-is-not-a-green-fuel-says-eu-t-and-e.md) | +0.1% | -9.1% |
| PALMOIL | 2019-02-12 | [EU targets palm oil for road fuel phase-out, but with exemptions](https://feedsoft.ai/events/60625-eu-targets-palm-oil-for-road-fuel-phase-out-but-with-exemptions.md) | -0.4% | -6.7% |
| SBO | 2021-04-16 | [EPA seeks oil, corn sectors' input on next phase of U.S. biofuel policy -sources](https://feedsoft.ai/events/47460-epa-seeks-oil-corn-sectors-input-on-next-phase-of-u-s-biofuel-policy-sources.md) | +9.2% | +17.8% |
| SBO | 2020-03-04 | [EPA poised to issue biofuel proposal to 'quell RIN markets,' Wheeler says (NYSE:CVI) \| Seeking Alpha](https://feedsoft.ai/events/53999-epa-poised-to-issue-biofuel-proposal-to-quell-rin-markets-wheeler-says-nyse-cvi.md) | -4.9% | -6.3% |
| SBO | 2017-07-25 | [EU trade deals must be coherent with clean biofuels policy –… \| T&E](https://feedsoft.ai/events/70008-eu-trade-deals-must-be-coherent-with-clean-biofuels-policy-t-and-e.md) | +3.3% | +0.6% |

## Sources

- news.mongabay.com: https://news.mongabay.com/2019/10/eu-palm-oil-biofuel-indonesia-malaysia-phaseout-wto/

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