# Article - Fern

> Fern welcomed the European Commission's response to the European Parliament resolution on palm oil and deforestation, citing commitments to invest in FLEGT implementation and new Voluntary Partnership Agreements. Fern urged the Commission to turn these commitments into concrete action and to address conversion timber and land governance. The commentary describes the response as balancing environmental harm against economic benefit.

- Date: 2017-10-20 · published 2017-10-20T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/68517-article-fern
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger EU enforcement against illegal forest conversion for palm plantations could gradually tighten palm oil supply and raise sourcing costs, though the impact is not immediate.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-12-07 | [Article - Fern](https://feedsoft.ai/events/43615-article-fern.md) | +1.0% | +5.0% |
| PALMOIL | 2016-11-25 | [Article - Fern](https://feedsoft.ai/events/73860-article-fern.md) | +3.8% | +5.0% |
| PALMOIL | 2024-08-29 | [Article - Fern](https://feedsoft.ai/events/28800-article-fern.md) | +4.8% | +7.6% |
| PALMOIL | 2018-03-19 | [Article - Fern](https://feedsoft.ai/events/66020-article-fern.md) | +0.4% | +0.0% |
| PALMOIL | 2018-07-11 | [Article - Fern](https://feedsoft.ai/events/64063-article-fern.md) | -3.1% | -3.3% |

## Sources

- fern.org: https://www.fern.org/publications-insight/article/commission-comments-on-palm-oil-offer-hope-now-eu-should-deliver-on-deforestation-195/

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