# MEPs vote to ban the use of palm oil in biofuels | Guardian sustainable business | The Guardian

> MEPs voted overwhelmingly on 4 April to ban biofuels made from vegetable oils including palm oil by 2020. The package also approved a new palm oil regulation, minimum sustainability criteria, customs duty reforms and anti-deforestation clauses for future EU trade deals, passing 640 to 18.

- Date: 2017-04-04 · published 2017-04-04T12:00:00.000Z
- Category: policy · region EU · magnitude high
- Page: https://feedsoft.ai/events/71526-meps-vote-to-ban-the-use-of-palm-oil-in-biofuels-guardian-sustainable-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A 2020 ban on palm oil in EU biofuels removes a significant source of demand, which is bearish for palm oil and could push vegetable oil demand toward soybean and rapeseed oil, supporting SBO prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-24 | [EU palm oil ban sows bitter seeds for S-E Asian farmers - The Business Times](https://feedsoft.ai/events/63130-eu-palm-oil-ban-sows-bitter-seeds-for-s-e-asian-farmers-the-business-times.md) | +0.4% | -0.0% |
| PALMOIL | 2019-11-05 | [How palm oil is certified ‘sustainable’](https://feedsoft.ai/events/56086-how-palm-oil-is-certified-sustainable.md) | +3.2% | +8.2% |
| PALMOIL | 2018-02-23 | [Britain and Europe must tighten palm oil supply chains to save forests, EU parliament told \| Palm oil \| The Guardian](https://feedsoft.ai/events/66512-britain-and-europe-must-tighten-palm-oil-supply-chains-to-save-forests-eu.md) | +1.7% | -2.1% |
| PALMOIL | 2023-06-22 | [Palm extends losses over soybean oil and lower US biofuel mandate - Markets - Business Recorder](https://feedsoft.ai/events/35581-palm-extends-losses-over-soybean-oil-and-lower-us-biofuel-mandate-markets.md) | +0.5% | +13.6% |
| PALMOIL | 2018-03-09 | [UK defies EU over Indonesian palm oil trade, leaked papers show \| Palm oil \| The Guardian](https://feedsoft.ai/events/66022-uk-defies-eu-over-indonesian-palm-oil-trade-leaked-papers-show-palm-oil-the.md) | +0.5% | +3.8% |
| SBO | 2026-05-22 | [Biofuels in Asia: An antidote to oil shocks? \| The Straits Times](https://feedsoft.ai/events/15472-biofuels-in-asia-an-antidote-to-oil-shocks-the-straits-times.md) | -0.1% | -5.5% |
| SBO | 2025-06-26 | [Malaysia mulls raising palm oil share in biodiesel - The HinduBusinessLine](https://feedsoft.ai/events/15553-malaysia-mulls-raising-palm-oil-share-in-biodiesel-the-hindubusinessline.md) | +3.0% | +5.2% |
| SBO | 2017-02-18 | [Bullish on US Biofuels Industry \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/72363-bullish-on-us-biofuels-industry-global-oil-and-fats-business-online-gofbonline.md) | -1.6% | -0.5% |

## Sources

- theguardian.com: https://www.theguardian.com/sustainable-business/2017/apr/04/palm-oil-biofuels-meps-eu-transport-deforestation-zsl-greenpeace-golden-agri-resources-oxfam

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