# CPO biofuel import ban to backfire on EU economy, environment: Industry stakeholders - Business - The Jakarta Post

> Indonesian industry stakeholders say the European Parliament's call to stop importing palm-based biodiesel by 2020 would harm the EU economy and environment. They argue palm oil is the cheapest biofuel feedstock and that rapeseed and sunflower would need more land.

- Date: 2017-04-18 · published 2017-04-18T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/71389-cpo-biofuel-import-ban-to-backfire-on-eu-economy-environment-industry
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A planned EU ban on palm-based biofuel imports would remove a major source of palm demand and weigh on prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-04-04 | [MEPs vote to ban the use of palm oil in biofuels \| Guardian sustainable business \| The Guardian](https://feedsoft.ai/events/71526-meps-vote-to-ban-the-use-of-palm-oil-in-biofuels-guardian-sustainable-business.md) | -2.0% | -2.1% |
| PALMOIL | 2025-08-26 | [How the EPA's RIN Policy is Reshaping the U.S. Biofuel Industry](https://feedsoft.ai/events/15100-how-the-epa-s-rin-policy-is-reshaping-the-u-s-biofuel-industry.md) | +1.6% | +0.5% |
| PALMOIL | 2020-11-10 | [The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern](https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported.md) | +3.2% | +6.7% |
| PALMOIL | 2025-01-08 | [Palm fell on export concerns, Indonesia’s biodiesel plans - Markets - Business Recorder](https://feedsoft.ai/events/6540-palm-fell-on-export-concerns-indonesia-s-biodiesel-plans-markets-business.md) | +1.2% | +1.1% |
| PALMOIL | 2018-03-02 | [Centre hikes import duty on crude, refined palm oils - The HinduBusinessLine](https://feedsoft.ai/events/10367-centre-hikes-import-duty-on-crude-refined-palm-oils-the-hindubusinessline.md) | -4.3% | -3.9% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2017/04/18/cpo-biofuel-import-ban-to-backfire-on-eu-economy-environment-industry-stakeholders

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