# Europe, in bid to phase out palm biofuel, leaves fans and foes dismayed

> The European Commission officially approved a delegated act to phase out palm oil-based biofuel by 2030, without banning it outright. Indonesia and Malaysia, which produce 85 percent of global palm oil, call the move discriminatory and plan a response including WTO action and retaliation.

- Date: 2019-03-15 · published 2019-03-15T12:00:00.000Z
- Category: policy · region EU · magnitude high
- Page: https://feedsoft.ai/events/60107-europe-in-bid-to-phase-out-palm-biofuel-leaves-fans-and-foes-dismayed
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Phasing out palm biodiesel in the EU reduces demand for palm oil and raises the risk of trade retaliation against EU goods, bearish for palm oil prices and supportive for competing vegetable oils.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-10-15 | [‘Bring it on,’ EU MP says of trade fight over palm biofuel phase-out](https://feedsoft.ai/events/56448-bring-it-on-eu-mp-says-of-trade-fight-over-palm-biofuel-phase-out.md) | +2.8% | +21.4% |
| 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 | 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 | 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) | -0.4% | -0.3% |
| PALMOIL | 2019-03-12 | [Phasing-out palm oil biodiesel is compatible with WTO due to… \| T&E](https://feedsoft.ai/events/60110-phasing-out-palm-oil-biodiesel-is-compatible-with-wto-due-to-t-and-e.md) | -0.6% | +2.9% |
| SBO | 2019-11-02 | [Rally in palm oil is ‘red hot’ on biofuel demand - Taipei Times](https://feedsoft.ai/events/4289-rally-in-palm-oil-is-red-hot-on-biofuel-demand-taipei-times.md) | +1.5% | -3.4% |
| SBO | 2025-05-14 | [Indonesian palm oil exports set to fall with biofuel mandate - Nikkei Asia](https://feedsoft.ai/events/24754-indonesian-palm-oil-exports-set-to-fall-with-biofuel-mandate-nikkei-asia.md) | -0.6% | -4.3% |
| SBO | 2019-12-30 | [Palm and soyabean biodiesel to rise in Asia and Americas](https://feedsoft.ai/events/55664-palm-and-soyabean-biodiesel-to-rise-in-asia-and-americas.md) | -1.4% | -9.4% |

## Sources

- news.mongabay.com: https://news.mongabay.com/2019/03/europe-in-bid-to-phase-out-palm-biofuel-leaves-fans-and-foes-dismayed/

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