# Texts adopted - Palm oil and deforestation of rainforests - Tuesday, 4 April 2017

> The European Parliament adopted a resolution on 4 April 2017 on palm oil and deforestation of rainforests, calling for stricter rules on palm oil imports. The text references the Paris Agreement, the Amsterdam Declaration on sustainable palm oil by 2020, and EU consumption-driven deforestation.

- Date: 2017-04-04 · published 2017-04-04T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/71523-texts-adopted-palm-oil-and-deforestation-of-rainforests-tuesday-4-april-2017
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Calls for mandatory sustainability standards and a possible phase-out of palm oil in EU biofuels could reduce EU demand for palm oil over time, a bearish factor for palm oil prices and a supportive factor for alternative vegetable oils such as soybean oil and rapeseed oil.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-04-19 | [Texts adopted - Deforestation Regulation - Wednesday, 19 April 2023](https://feedsoft.ai/events/36436-texts-adopted-deforestation-regulation-wednesday-19-april-2023.md) | -1.0% | -8.4% |
| PALMOIL | 2017-04-04 | [MEPs vote in favour of Own Initiative Report on Palm Oil and Deforestation of Rainforests - Fern](https://feedsoft.ai/events/71528-meps-vote-in-favour-of-own-initiative-report-on-palm-oil-and-deforestation-of.md) | -2.0% | -2.1% |
| PALMOIL | 2026-07-13 | [EU adds some palm oil products to deforestation law, removes leather \| Reuters](https://feedsoft.ai/events/18353-eu-adds-some-palm-oil-products-to-deforestation-law-removes-leather-reuters.md) | +0.5% | +3.0% |
| PALMOIL | 2022-11-03 | [New EU deforestation regulation could threaten the palm oil sector](https://feedsoft.ai/events/38694-new-eu-deforestation-regulation-could-threaten-the-palm-oil-sector.md) | -3.2% | -0.2% |
| PALMOIL | 2023-03-07 | [EU deforestation rules may hurt palm oil exports beyond Europe, warns minister](https://feedsoft.ai/events/36905-eu-deforestation-rules-may-hurt-palm-oil-exports-beyond-europe-warns-minister.md) | -4.9% | -9.1% |
| SBO | 2017-04-04 | [MEPs vote in favour of Own Initiative Report on Palm Oil and Deforestation of Rainforests - Fern](https://feedsoft.ai/events/71528-meps-vote-in-favour-of-own-initiative-report-on-palm-oil-and-deforestation-of.md) | -0.2% | +3.0% |
| 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 | 2017-03-08 | [MEPs call for measures to stem deforestation for palm oil \| AGENCE EUROPE](https://feedsoft.ai/events/72015-meps-call-for-measures-to-stem-deforestation-for-palm-oil-agence-europe.md) | -4.8% | -6.1% |

## Sources

- europarl.europa.eu: https://www.europarl.europa.eu/doceo/document/TA-8-2017-0098_EN.html

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