# Palm Oil controversies go global - Forest Peoples Programme

> The Forest Peoples Programme discusses the European Parliament's April resolution criticizing palm oil production for human rights abuses and deforestation. It notes that 46% of European palm oil imports are used as biofuels and calls for stronger certification standards.

- Date: 2017-05-02 · published 2017-05-02T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/71042-palm-oil-controversies-go-global-forest-peoples-programme
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

With nearly half of EU palm oil imports used for biofuels, pressure to curb that use would reduce demand for palm oil and could support alternative vegetable oils in the EU market.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-06-22 | [EU palm oil deal stirs controversy](https://feedsoft.ai/events/64413-eu-palm-oil-deal-stirs-controversy.md) | +0.6% | -5.4% |
| PALMOIL | 2017-02-18 | [Palm Oil Faces New EU Offensive \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/72508-palm-oil-faces-new-eu-offensive-global-oil-and-fats-business-online-gofbonline.md) | -0.9% | -5.4% |
| PALMOIL | 2019-06-24 | [Malaysian Palm Oil – Industry Overview \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/58470-malaysian-palm-oil-industry-overview-global-oil-and-fats-business-online.md) | -0.6% | -1.6% |
| PALMOIL | 2020-09-08 | [Indonesia to revamp palm oil levy to support biodiesel programme](https://feedsoft.ai/events/51005-indonesia-to-revamp-palm-oil-levy-to-support-biodiesel-programme.md) | +1.1% | -4.1% |
| PALMOIL | 2018-12-19 | [Commission: The EU is part of the problem of global deforestation](https://feedsoft.ai/events/61587-commission-the-eu-is-part-of-the-problem-of-global-deforestation.md) | -0.6% | +6.0% |
| SBO | 2024-10-03 | [EU proposal to delay anti-deforestation rule bullish for palm oil: analysts \| S&P Global](https://feedsoft.ai/events/7240-eu-proposal-to-delay-anti-deforestation-rule-bullish-for-palm-oil-analysts-s.md) | +0.1% | +3.6% |
| SBO | 2020-02-04 | [Indonesia's Thirst for Biodiesel May Undercut Global Palm Oil Supply](https://feedsoft.ai/events/54693-indonesia-s-thirst-for-biodiesel-may-undercut-global-palm-oil-supply.md) | +1.1% | -4.8% |
| SBO | 2022-04-22 | [Indonesia bans palm oil exports as global food inflation spikes](https://feedsoft.ai/events/41928-indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes.md) | +3.2% | -4.4% |

## Sources

- forestpeoples.org: https://www.forestpeoples.org/publications-resources/news/article/palm-oil-controversies-go-global/

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