# EU singles out palm oil for removal from transport fuel | Reuters

> The European Commission published criteria concluding that palm oil cultivation causes excessive deforestation, so its use in EU transport fuel should be phased out. Biofuel feedstocks deemed harmful will be capped at 2019 levels until 2023 and reduced to zero by 2030.

- Date: 2019-03-13 · published 2019-03-13T12:00:00.000Z
- Category: policy · region EU · magnitude high
- Page: https://feedsoft.ai/events/60105-eu-singles-out-palm-oil-for-removal-from-transport-fuel-reuters
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Removing palm-based biodiesel demand from the EU weakens a key outlet for palm oil and supports vegetable oil prices of competing feedstocks, while Malaysia and Indonesia threaten retaliation that could further disrupt trade flows.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-01-10 | [EU heading for ‘zero palm oil’ in transport by 2021](https://feedsoft.ai/events/67017-eu-heading-for-zero-palm-oil-in-transport-by-2021.md) | -1.6% | -1.8% |
| 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% |
| PALMOIL | 2022-05-19 | [Indonesia president declares end of palm oil export ban from Monday \| Reuters](https://feedsoft.ai/events/41501-indonesia-president-declares-end-of-palm-oil-export-ban-from-monday-reuters.md) | +1.4% | -7.4% |
| PALMOIL | 2026-07-13 | [EU adds some palm oil products to deforestation law, removes leather \| Reuters](https://feedsoft.ai/events/18353-eu-adds-some-palm-oil-products-to-deforestation-law-removes-leather-reuters.md) | +0.5% | +3.0% |
| SBO | 2018-01-10 | [EU heading for ‘zero palm oil’ in transport by 2021](https://feedsoft.ai/events/67017-eu-heading-for-zero-palm-oil-in-transport-by-2021.md) | -3.1% | -3.0% |
| SBO | 2022-07-16 | [Indonesia removes palm oil export levy until Aug. 31 \| Reuters](https://feedsoft.ai/events/15803-indonesia-removes-palm-oil-export-levy-until-aug-31-reuters.md) | -0.2% | +6.5% |
| SBO | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -9.8% | +240.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/03/15/eu-moves-to-remove-palm-oil-in-transport-fuel-malaysia-hits-back.html
- reuters.com: https://www.reuters.com/article/business/environment/eu-singles-out-palm-oil-for-removal-from-transport-fuel-idUSKBN1QU1G8/

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