# EU palm oil ban more than environmental issue - Asia Times

> An Asia Times commentary says the EU's planned ban on crude palm oil used in biofuels reflects European interests in promoting domestic rapeseed, sunflower and soybean oil alongside environmental concerns. Indonesia and Malaysia agreed to challenge the measure at the WTO.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/57133-eu-palm-oil-ban-more-than-environmental-issue-asia-times
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Restrictions on palm oil biofuel feedstock into the EU weigh on palm oil prices and could shift vegetable oil demand toward soybean and rapeseed oil in Europe.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-24 | [EU palm oil ban sows bitter seeds for S-E Asian farmers - The Business Times](https://feedsoft.ai/events/63130-eu-palm-oil-ban-sows-bitter-seeds-for-s-e-asian-farmers-the-business-times.md) | +0.4% | -0.0% |
| PALMOIL | 2018-03-27 | [Europe-Asia trade war looms over palm oil - Asia Times](https://feedsoft.ai/events/66114-europe-asia-trade-war-looms-over-palm-oil-asia-times.md) | +1.0% | +0.0% |
| PALMOIL | 2019-08-21 | [Malaysia is fighting for its billion-dollar palm oil industry \| Environment \| Al Jazeera](https://feedsoft.ai/events/57464-malaysia-is-fighting-for-its-billion-dollar-palm-oil-industry-environment-al.md) | +1.1% | +3.4% |
| PALMOIL | 2016-12-29 | [EU palm oil ban sows bitter seeds \| The ASEAN Post](https://feedsoft.ai/events/73585-eu-palm-oil-ban-sows-bitter-seeds-the-asean-post.md) | -1.2% | -0.1% |
| PALMOIL | 2019-05-03 | [Palm oil: an EU ban won’t save Asian rainforests, but here’s what might help](https://feedsoft.ai/events/58958-palm-oil-an-eu-ban-won-t-save-asian-rainforests-but-here-s-what-might-help.md) | -1.4% | -0.6% |
| SBO | 2018-03-27 | [Europe-Asia trade war looms over palm oil - Asia Times](https://feedsoft.ai/events/66114-europe-asia-trade-war-looms-over-palm-oil-asia-times.md) | +2.8% | -1.4% |
| SBO | 2021-10-28 | [Biodiesel is booming, thanks to environmental incentives : NPR](https://feedsoft.ai/events/44394-biodiesel-is-booming-thanks-to-environmental-incentives-npr.md) | -1.6% | -3.8% |
| SBO | 2022-04-28 | [Soy oil soars to record as Indonesia expands palm export ban](https://feedsoft.ai/events/41929-soy-oil-soars-to-record-as-indonesia-expands-palm-export-ban.md) | -2.7% | -7.3% |

## Sources

- asiatimes.com: https://asiatimes.com/2019/09/eu-palm-oil-ban-more-than-environmental-issue/

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