# EU heading for ‘zero palm oil’ in transport by 2021

> Lawmakers in the European Parliament were considering a full phase-out of palm oil in transport fuels by 2021, with support from the largest political groups ahead of a plenary vote. The proposal formed part of the revised renewable energy directive.

- Date: 2018-01-10 · published 2018-01-10T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/67017-eu-heading-for-zero-palm-oil-in-transport-by-2021
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Broad cross-party support made a palm oil biofuel ban likely, which reduces expected EU demand for palm oil. Markets would expect buyers to shift toward other vegetable oils.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-06-14 | [EU to phase out palm oil from transport fuel by 2030 \| Reuters](https://feedsoft.ai/events/64538-eu-to-phase-out-palm-oil-from-transport-fuel-by-2030-reuters.md) | -1.2% | -6.6% |
| PALMOIL | 2019-03-13 | [EU singles out palm oil for removal from transport fuel \| Reuters](https://feedsoft.ai/events/60105-eu-singles-out-palm-oil-for-removal-from-transport-fuel-reuters.md) | -0.0% | +3.3% |
| PALMOIL | 2022-08-29 | [Indonesia extends zero export levy on palm oil - ANTARA News](https://feedsoft.ai/events/15795-indonesia-extends-zero-export-levy-on-palm-oil-antara-news.md) | -4.9% | -10.9% |
| PALMOIL | 2019-04-01 | [Palm Oil Is at the Heart of the Next Trade War](https://feedsoft.ai/events/59954-palm-oil-is-at-the-heart-of-the-next-trade-war.md) | +3.8% | +0.9% |
| PALMOIL | 2018-01-23 | [EU palm oil ban won't end destructive farming](https://feedsoft.ai/events/67009-eu-palm-oil-ban-won-t-end-destructive-farming.md) | +0.7% | +0.4% |
| SBO | 2019-03-13 | [EU singles out palm oil for removal from transport fuel \| Reuters](https://feedsoft.ai/events/60105-eu-singles-out-palm-oil-for-removal-from-transport-fuel-reuters.md) | -1.8% | -2.5% |
| SBO | 2019-02-13 | [Malaysia to double palm oil used in transport biodiesel to 20pc in 2020 \| Malay Mail](https://feedsoft.ai/events/60460-malaysia-to-double-palm-oil-used-in-transport-biodiesel-to-20pc-in-2020-malay.md) | -1.2% | -2.1% |
| SBO | 2019-04-01 | [Palm Oil Is at the Heart of the Next Trade War](https://feedsoft.ai/events/59954-palm-oil-is-at-the-heart-of-the-next-trade-war.md) | +2.8% | -1.7% |

## Sources

- euractiv.com: https://www.euractiv.com/section/energy/news/eu-heading-for-zero-palm-oil-in-transport-by-2021/

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