# Solving the palm oil puzzle

> The EU's updated Renewable Energy Directive, finalized in June, sets palm oil imports to peak around 2019, begin falling in 2023 and be phased out entirely by 2030. The article says the policy linking biofuel mandates to palm oil has contributed to deforestation, and that the problem runs deeper than the phase-out.

- Date: 2018-08-22 · published 2018-08-22T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/63553-solving-the-palm-oil-puzzle
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A structural EU phase-out of palm oil used for biofuel reduces long-term demand for palm oil, a substitute for soybean oil and other vegetable oils in feed and fuel, which is bearish for palm oil prices.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-11-27 | [Malaysian Palm Oil Leading the Way Lower](https://feedsoft.ai/events/12717-malaysian-palm-oil-leading-the-way-lower.md) | -2.2% | -6.2% |
| 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 | 2018-10-17 | [The EU’s risky move on palm oil - Punch Newspapers](https://feedsoft.ai/events/62553-the-eu-s-risky-move-on-palm-oil-punch-newspapers.md) | -0.5% | -8.9% |
| PALMOIL | 2019-05-23 | [Palm oil extends losses on EU rule, weaker soyoil \| The Star](https://feedsoft.ai/events/59163-palm-oil-extends-losses-on-eu-rule-weaker-soyoil-the-star.md) | -0.1% | -0.9% |
| PALMOIL | 2018-12-04 | [Indonesia relaxes palm oil levy rules \| The Star](https://feedsoft.ai/events/61467-indonesia-relaxes-palm-oil-levy-rules-the-star.md) | +0.7% | +8.4% |
| SBO | 2021-02-23 | [The Palm Oil Industry is Changing — and the EU Can Help — CSPO](https://feedsoft.ai/events/48669-the-palm-oil-industry-is-changing-and-the-eu-can-help-cspo.md) | +2.0% | +19.7% |
| SBO | 2019-03-12 | [People or palm oil corporations: who will the EU listen to? \| T&E](https://feedsoft.ai/events/60109-people-or-palm-oil-corporations-who-will-the-eu-listen-to-t-and-e.md) | +0.1% | -1.8% |
| SBO | 2017-02-24 | [SEBI allows trading of soya oil in the Exchanges](https://feedsoft.ai/events/72591-sebi-allows-trading-of-soya-oil-in-the-exchanges.md) | +4.8% | +2.8% |

## Sources

- dw.com: https://www.dw.com/en/can-europe-defeat-a-palm-oil-monster-of-its-own-making/a-45171111

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