# The EU’s risky move on palm oil - Punch Newspapers

> An opinion piece argues the EU is preparing a rule to classify biofuels as high or low risk for indirect land use change, which could block palm oil from African and Asian producers from the EU market. The EU had earlier allowed palm oil to remain in its renewable energy mix, but with this caveat.

- Date: 2018-10-17 · published 2018-10-17T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/62553-the-eu-s-risky-move-on-palm-oil-punch-newspapers
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

If palm-based biofuels are labelled high risk, EU demand for palm oil used in biofuels could shrink, weighing on palm oil prices and shifting flows toward other vegetable oils.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-18 | [Malaysia raises tax on palm oil for March shipments – Customs Today Newspaper](https://feedsoft.ai/events/11858-malaysia-raises-tax-on-palm-oil-for-march-shipments-customs-today-newspaper.md) | -0.9% | -5.4% |
| PALMOIL | 2019-11-23 | [Palm Oil News - Palm Oil Sues European Union](https://feedsoft.ai/events/56090-palm-oil-news-palm-oil-sues-european-union.md) | +3.4% | +9.1% |
| PALMOIL | 2022-11-03 | [New EU deforestation regulation could threaten the palm oil sector](https://feedsoft.ai/events/38694-new-eu-deforestation-regulation-could-threaten-the-palm-oil-sector.md) | -3.2% | -0.2% |
| PALMOIL | 2019-02-01 | [Palm oil exporters back govt to retaliate on France, Norway and the EU's palm oil ban](https://feedsoft.ai/events/6969-palm-oil-exporters-back-govt-to-retaliate-on-france-norway-and-the-eu-s-palm.md) | +5.2% | -0.2% |
| PALMOIL | 2018-08-22 | [Solving the palm oil puzzle](https://feedsoft.ai/events/63553-solving-the-palm-oil-puzzle.md) | -0.3% | -2.2% |

## Sources

- punchng.com: https://punchng.com/the-eus-risky-move-on-palm-oil/

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