# MEPs vote in favour of Own Initiative Report on Palm Oil and Deforestation of Rainforests - Fern

> The European Parliament adopted its Environment Committee's own-initiative report on palm oil and tropical deforestation on 4 April 2017, with 640 in favour, 18 against and 28 abstaining. Palm oil producing countries had opposed the report over proposed unilateral trade measures and a single EU certification system.

- Date: 2017-04-04 · published 2017-04-04T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/71528-meps-vote-in-favour-of-own-initiative-report-on-palm-oil-and-deforestation-of
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The report signals likely future EU trade restrictions and certification rules on palm oil, which could reduce import demand and weigh on palm oil prices while favouring European vegetable oils.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-04-04 | [Texts adopted - Palm oil and deforestation of rainforests - Tuesday, 4 April 2017](https://feedsoft.ai/events/71523-texts-adopted-palm-oil-and-deforestation-of-rainforests-tuesday-4-april-2017.md) | -2.0% | -2.1% |
| PALMOIL | 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) | -2.6% | -7.5% |
| 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% |
| PALMOIL | 2017-07-12 | [France announces new five-year climate plan that puts end to “imported deforestation” of products like palm oil and soy - Mighty Earth](https://feedsoft.ai/events/70005-france-announces-new-five-year-climate-plan-that-puts-end-to-imported.md) | -1.3% | +2.5% |
| PALMOIL | 2023-01-16 | [MEPs approve Parliament/Council agreement on ‘imported deforestation’ EU regulation \| AGENCE EUROPE](https://feedsoft.ai/events/37812-meps-approve-parliament-council-agreement-on-imported-deforestation-eu.md) | +0.7% | +0.1% |
| SBO | 2017-04-04 | [Texts adopted - Palm oil and deforestation of rainforests - Tuesday, 4 April 2017](https://feedsoft.ai/events/71523-texts-adopted-palm-oil-and-deforestation-of-rainforests-tuesday-4-april-2017.md) | -0.2% | +3.0% |
| 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% |
| 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% |

## Sources

- fern.org: https://www.fern.org/publications-insight/article/meps-vote-in-favour-of-own-initiative-report-on-palm-oil-and-deforestation-of-rainforests-267/

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