# Palm oil: an EU ban won’t save Asian rainforests, but here’s what might help

> An opinion piece argues that an EU ban on palm oil biofuels would not by itself stop deforestation in Asian rainforests. It notes that Indonesia and Malaysia supply about 85 percent of global palm oil trade and that the proposed ban could reduce demand.

- Date: 2019-05-03 · published 2019-05-03T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/58958-palm-oil-an-eu-ban-won-t-save-asian-rainforests-but-here-s-what-might-help
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

EU phase-out of palm oil in biofuels would cut a major demand source, which is bearish for palm oil over time, though the article is mainly analysis rather than a new decision.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-01-23 | [EU palm oil ban won't end destructive farming](https://feedsoft.ai/events/67009-eu-palm-oil-ban-won-t-end-destructive-farming.md) | +0.7% | +0.4% |
| PALMOIL | 2018-02-23 | [Britain and Europe must tighten palm oil supply chains to save forests, EU parliament told \| Palm oil \| The Guardian](https://feedsoft.ai/events/66512-britain-and-europe-must-tighten-palm-oil-supply-chains-to-save-forests-eu.md) | +1.7% | -2.1% |
| PALMOIL | 2019-09-30 | [EU palm oil ban more than environmental issue - Asia Times](https://feedsoft.ai/events/57133-eu-palm-oil-ban-more-than-environmental-issue-asia-times.md) | -2.1% | +2.5% |
| 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 | 2017-04-04 | [Texts adopted - Palm oil and deforestation of rainforests - Tuesday, 4 April 2017](https://feedsoft.ai/events/71523-texts-adopted-palm-oil-and-deforestation-of-rainforests-tuesday-4-april-2017.md) | -2.0% | -2.1% |

## Sources

- theconversation.com: https://theconversation.com/palm-oil-an-eu-ban-wont-save-asian-rainforests-but-heres-what-might-help-110519

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