# Palm Oil Monitor - Weekly Update 4th May 2018 - Palm Oil Monitor

> The ISCC certification body has publicly opposed the EU Parliament's proposed ban on palm oil biofuels, arguing it would reduce demand for certified palm oil and fail to curb deforestation. The intervention adds weight to industry objections in the RED debate.

- Date: 2018-05-04 · published 2018-05-04T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/65042-palm-oil-monitor-weekly-update-4th-may-2018-palm-oil-monitor
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Industry opposition to the ban could soften the policy outcome, limiting downside pressure on palm oil demand from EU biofuel rules.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-05-14 | [Palm Oil Monitor – Weekly Update 14th May - Palm Oil Monitor](https://feedsoft.ai/events/65118-palm-oil-monitor-weekly-update-14th-may-palm-oil-monitor.md) | +1.4% | -1.1% |
| PALMOIL | 2018-09-24 | [Palm Oil Monitor – Weekly Update 24th September 2018 - Palm Oil Monitor](https://feedsoft.ai/events/63048-palm-oil-monitor-weekly-update-24th-september-2018-palm-oil-monitor.md) | +0.4% | -0.0% |
| PALMOIL | 2019-08-22 | [Palm Oil Monitor Weekly Update – 22nd August 2019 - Palm Oil Monitor](https://feedsoft.ai/events/57468-palm-oil-monitor-weekly-update-22nd-august-2019-palm-oil-monitor.md) | +0.5% | +2.4% |
| PALMOIL | 2018-09-13 | [Palm Oil Monitor - Weekly Update 13th September - Palm Oil Monitor](https://feedsoft.ai/events/63049-palm-oil-monitor-weekly-update-13th-september-palm-oil-monitor.md) | -1.7% | -2.6% |
| PALMOIL | 2022-07-19 | [Wee: Govt will monitor developments in palm oil industry](https://feedsoft.ai/events/15810-wee-govt-will-monitor-developments-in-palm-oil-industry.md) | -2.7% | +1.9% |

## Sources

- palmoilmonitor.org: https://palmoilmonitor.org/2018/05/04/palm-oil-monitor-weekly-update-4th-may-2018/

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