# EU palm oil ban won't end destructive farming

> European Parliament members voted to end subsidies for crop-based biofuels, effective 2020. Campaigners argue the change will not stop deforestation because food-crop biofuels remain eligible and palm oil's substitutes, such as soy, would still be needed.

- Date: 2018-01-23 · published 2018-01-23T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/67009-eu-palm-oil-ban-won-t-end-destructive-farming
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Removing palm oil from EU biofuel support reduces demand for palm oil, while the remaining mandate could push buyers toward other vegetable oils such as soybean oil. The net effect is bearish for palm and supportive for competing oils.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-05-15 | [Driving on palm oil: a dead end \| Both ENDS](https://feedsoft.ai/events/65041-driving-on-palm-oil-a-dead-end-both-ends.md) | +0.8% | -2.6% |
| PALMOIL | 2019-05-03 | [Palm oil: an EU ban won’t save Asian rainforests, but here’s what might help](https://feedsoft.ai/events/58958-palm-oil-an-eu-ban-won-t-save-asian-rainforests-but-here-s-what-might-help.md) | -1.4% | -0.6% |
| 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 | 2018-09-24 | [EU palm oil ban sows bitter seeds for S-E Asian farmers - The Business Times](https://feedsoft.ai/events/63130-eu-palm-oil-ban-sows-bitter-seeds-for-s-e-asian-farmers-the-business-times.md) | +0.4% | -0.0% |
| PALMOIL | 2018-03-01 | [Will the EU call the palm oil nations’ bluff? \| T&E](https://feedsoft.ai/events/66025-will-the-eu-call-the-palm-oil-nations-bluff-t-and-e.md) | -2.0% | -2.6% |
| SBO | 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) | +4.1% | +8.2% |
| SBO | 2018-01-10 | [EU heading for ‘zero palm oil’ in transport by 2021](https://feedsoft.ai/events/67017-eu-heading-for-zero-palm-oil-in-transport-by-2021.md) | -3.1% | -3.0% |
| SBO | 2019-04-15 | [Palm oil is not a green fuel, says EU \| T&E](https://feedsoft.ai/events/59610-palm-oil-is-not-a-green-fuel-says-eu-t-and-e.md) | -0.9% | -9.0% |

## Sources

- dw.com: https://www.dw.com/en/despite-eu-palm-oil-ban-biofuel-problems-will-continue/a-42268325

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