# EU palm oil ban sows bitter seeds for S-E Asian farmers - The Business Times

> The European Parliament is moving to ban palm oil in biofuels, and British grocer Iceland has pledged to stop using the oil. Indonesian and Malaysian smallholders warn of losses as prices fall. About half of the palm oil used in Europe last year went into biofuels.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/63130-eu-palm-oil-ban-sows-bitter-seeds-for-s-e-asian-farmers-the-business-times
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Losing a major EU biofuel outlet cuts palm demand and adds pressure to palm prices, with producers in Indonesia and Malaysia most exposed.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-12-29 | [EU palm oil ban sows bitter seeds \| The ASEAN Post](https://feedsoft.ai/events/73585-eu-palm-oil-ban-sows-bitter-seeds-the-asean-post.md) | -1.2% | -0.1% |
| PALMOIL | 2018-03-21 | [Ban on palm oil to profit rapeseed and soy - Food & Agribusiness](https://feedsoft.ai/events/66096-ban-on-palm-oil-to-profit-rapeseed-and-soy-food-and-agribusiness.md) | +0.2% | +0.3% |
| PALMOIL | 2019-09-30 | [EU palm oil ban more than environmental issue - Asia Times](https://feedsoft.ai/events/57133-eu-palm-oil-ban-more-than-environmental-issue-asia-times.md) | -2.1% | +2.5% |
| PALMOIL | 2022-08-25 | [SEA asks Indonesia to ensure stable policy for palm oil exports  - The HinduBusinessLine](https://feedsoft.ai/events/15800-sea-asks-indonesia-to-ensure-stable-policy-for-palm-oil-exports-the.md) | -0.5% | -9.5% |
| PALMOIL | 2017-04-04 | [MEPs vote to ban the use of palm oil in biofuels \| Guardian sustainable business \| The Guardian](https://feedsoft.ai/events/71526-meps-vote-to-ban-the-use-of-palm-oil-in-biofuels-guardian-sustainable-business.md) | -2.0% | -2.1% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/eu-palm-oil-ban-sows-bitter-seeds-s-e-asian-farmers

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