# EU biofuel ruling hits prices of palm and coconut oil | Analysis & Features | The Grocer

> Palm oil prices reached $515 per tonne CIF Rotterdam in mid-June, the lowest of 2019 and down 21% year on year, after the EU moved to limit palm use in biofuels. Indonesia and Malaysia are forecast to raise output, and USDA expects palm imports into the EU to fall 2% in 2019/20. Coconut oil has fallen 23% as Philippine buyers switch to cheaper palm oil.

- Date: 2019-06-14 · published 2019-06-14T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/58690-eu-biofuel-ruling-hits-prices-of-palm-and-coconut-oil-analysis-and-features-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

EU biofuel restrictions reduce a major demand outlet for palm oil while rising output and record stocks add supply, keeping vegetable oil prices depressed. Cheaper palm oil also pressures substitute fats used in feed.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-08-26 | [Indonesia's biofuel B40 plan expansion at risk on high palm oil prices - Fastmarkets](https://feedsoft.ai/events/45437-indonesia-s-biofuel-b40-plan-expansion-at-risk-on-high-palm-oil-prices.md) | -2.5% | +2.0% |
| PALMOIL | 2019-04-26 | [Minister: Govt to intervene in event of steep palm oil, biofuel price hike \| Malay Mail](https://feedsoft.ai/events/59479-minister-govt-to-intervene-in-event-of-steep-palm-oil-biofuel-price-hike-malay.md) | -7.0% | -8.1% |
| 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 | 2023-01-13 | [Growing tensions between Asian palm oil producers and the European Union \| Reuters](https://feedsoft.ai/events/37813-growing-tensions-between-asian-palm-oil-producers-and-the-european-union-reuters.md) | +0.1% | -0.0% |
| PALMOIL | 2017-12-28 | [Biodiesel is unlikely to be the driving force behind the price of crude palm oil - 杭州铭通电气有限公司](https://feedsoft.ai/events/67363-biodiesel-is-unlikely-to-be-the-driving-force-behind-the-price-of-crude-palm-oil.md) | +4.6% | +4.2% |
| SBO | 2021-08-26 | [Indonesia's biofuel B40 plan expansion at risk on high palm oil prices - Fastmarkets](https://feedsoft.ai/events/45437-indonesia-s-biofuel-b40-plan-expansion-at-risk-on-high-palm-oil-prices.md) | -2.6% | -5.4% |
| SBO | 2025-06-02 | [Soybean oil prices fall amid uncertainty over US biofuel market and falling oil prices, but India's tariff cuts will boost demand](https://feedsoft.ai/events/10948-soybean-oil-prices-fall-amid-uncertainty-over-us-biofuel-market-and-falling-oil.md) | -2.3% | +5.8% |
| SBO | 2018-01-17 | [EU Parliament ends palm oil and caps crop-based biofuels at 2017 levels](https://feedsoft.ai/events/67010-eu-parliament-ends-palm-oil-and-caps-crop-based-biofuels-at-2017-levels.md) | -0.8% | -3.7% |

## Sources

- thegrocer.co.uk: https://www.thegrocer.co.uk/analysis-and-features/eu-biofuel-ruling-hits-prices-of-palm-and-coconut-oil/594425.article

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