# EU targets palm oil for road fuel phase-out, but with exemptions

> Under a new EU law, biofuels with higher indirect land-use risk will be capped at 2019 levels until 2023 and reduced to zero by 2030. The Commission proposal says 45% of new palm oil land since 2008 was previously forest, versus 8% for soybeans.

- Date: 2019-02-12 · published 2019-02-12T12:00:00.000Z
- Category: policy · region EU · magnitude high
- Page: https://feedsoft.ai/events/60625-eu-targets-palm-oil-for-road-fuel-phase-out-but-with-exemptions
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A zero-by-2030 cap on palm biodiesel in the EU reduces vegetable oil demand and could pressure palm and soy oil prices, with knock-on effects on meal supply.

## Read by commodity

- SBO: bearish ▼
- 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 | 2019-03-13 | [EU singles out palm oil for removal from transport fuel \| Reuters](https://feedsoft.ai/events/60105-eu-singles-out-palm-oil-for-removal-from-transport-fuel-reuters.md) | -0.0% | +3.3% |
| 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% |
| PALMOIL | 2018-03-01 | [Will the EU call the palm oil nations’ bluff? \| T&E](https://feedsoft.ai/events/66025-will-the-eu-call-the-palm-oil-nations-bluff-t-and-e.md) | -2.0% | -2.6% |
| PALMOIL | 2019-03-15 | [Europe, in bid to phase out palm biofuel, leaves fans and foes dismayed](https://feedsoft.ai/events/60107-europe-in-bid-to-phase-out-palm-biofuel-leaves-fans-and-foes-dismayed.md) | +2.4% | +2.8% |
| SBO | 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) | -2.4% | -6.3% |
| SBO | 2018-03-01 | [Will the EU call the palm oil nations’ bluff? \| T&E](https://feedsoft.ai/events/66025-will-the-eu-call-the-palm-oil-nations-bluff-t-and-e.md) | -0.1% | -1.1% |
| SBO | 2026-08-27 | [Bunge, POET, others warn Trump on biofuel exemptions for oil \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15003-bunge-poet-others-warn-trump-on-biofuel-exemptions-for-oil-agri-pulse.md) | +8.0% | +1.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-eu-biofuels/eu-targets-palm-oil-for-road-fuel-phase-out-but-with-exemptions-idUSKCN1Q021Q/

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