# EU countries called to step up actions on sustainable palm oil

> European Palm Oil Alliance members met in Madrid and called for food companies and retailers to meet the 2020 goal of using only certified sustainable palm oil. Industry figures said 74% of palm oil entering Europe for food was certified sustainable in 2017.

- Date: 2018-10-12 · published 2018-10-12T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/62558-eu-countries-called-to-step-up-actions-on-sustainable-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Pressure for certified sustainable sourcing and calls for bans may affect the palm oil premium and EU food demand, though the effect is gradual.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-05-20 | [Palm oil production needs a sustainable solution](https://feedsoft.ai/events/47106-palm-oil-production-needs-a-sustainable-solution.md) | -2.8% | -15.8% |
| PALMOIL | 2017-03-29 | [Palm oil and deforestation: closing the gap between commitments and actions - Roundtable on Sustainable Palm Oil (RSPO)](https://feedsoft.ai/events/72019-palm-oil-and-deforestation-closing-the-gap-between-commitments-and-actions.md) | -5.4% | -7.4% |
| PALMOIL | 2020-04-28 | [UNITING TO DELIVER DEFORESTATION-FREE SUSTAINABLE PALM OIL MORE CRITICAL THAN EVER - Roundtable on Sustainable Palm Oil (RSPO)](https://feedsoft.ai/events/53662-uniting-to-deliver-deforestation-free-sustainable-palm-oil-more-critical-than.md) | -9.4% | -4.5% |
| PALMOIL | 2023-04-26 | [Gap Analysis Between RSPO P&C and EUDR - Roundtable on Sustainable Palm Oil (RSPO)](https://feedsoft.ai/events/36439-gap-analysis-between-rspo-p-and-c-and-eudr-roundtable-on-sustainable-palm-oil.md) | -10.4% | -8.8% |
| PALMOIL | 2016-11-16 | [MEP calls for EU trade to tackle palm oil driven deforestation](https://feedsoft.ai/events/73862-mep-calls-for-eu-trade-to-tackle-palm-oil-driven-deforestation.md) | +0.7% | +6.8% |

## Sources

- confectionerynews.com: https://www.confectionerynews.com/Article/2018/10/12/EU-countries-called-to-step-up-actions-on-sustainable-palm-oil/

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