# Palm Oil Monitor Weekly Update – 3rd June 2019 - Palm Oil Monitor

> The Palm Oil Monitor weekly update reviews the European Parliament elections held 23-26 May, which increased Green representation from 52 to 69 seats and weakened the two largest blocs. It argues the new makeup will shift EU attitudes toward palm oil through the Parliament and Commission.

- Date: 2019-06-03 · published 2019-06-03T12:00:00.000Z
- Category: policy · region Europe · magnitude low
- Page: https://feedsoft.ai/events/58613-palm-oil-monitor-weekly-update-3rd-june-2019-palm-oil-monitor
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A greener EU Parliament could tighten palm oil sustainability policy, reducing demand from European buyers over time and weighing modestly on palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-01-09 | [Palm Oil Monitor Weekly Update - 9 January 2019 - Palm Oil Monitor](https://feedsoft.ai/events/60985-palm-oil-monitor-weekly-update-9-january-2019-palm-oil-monitor.md) | -0.8% | +6.6% |
| PALMOIL | 2019-04-02 | [Palm Oil Monitor Weekly Update - 2nd April 2019 - Palm Oil Monitor](https://feedsoft.ai/events/59476-palm-oil-monitor-weekly-update-2nd-april-2019-palm-oil-monitor.md) | +3.4% | +1.5% |
| PALMOIL | 2017-09-30 | [Crude Palm Oil Weekly Report – 30 September 2017 \| Borneo Post Online](https://feedsoft.ai/events/5639-crude-palm-oil-weekly-report-30-september-2017-borneo-post-online.md) | -2.5% | -1.5% |
| PALMOIL | 2018-12-01 | [Crude Palm Oil Weekly Report – December 1, 2018 \| Borneo Post Online](https://feedsoft.ai/events/61664-crude-palm-oil-weekly-report-december-1-2018-borneo-post-online.md) | +0.3% | +7.6% |
| PALMOIL | 2019-01-07 | [Is Brussels Preparing to Delay Palm Oil Delegated Act? - Palm Oil Monitor](https://feedsoft.ai/events/61116-is-brussels-preparing-to-delay-palm-oil-delegated-act-palm-oil-monitor.md) | +0.8% | +7.5% |

## Sources

- palmoilmonitor.org: https://palmoilmonitor.org/2019/06/03/palm-oil-monitor-weekly-update-3rd-june-2019/

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