# Parliament committee says palm oil biofuels usage should end by 2020

> The European Parliament committee adopted a report urging the Commission to phase out palm oil in biodiesel by 2020 at the latest. Industry has not shown that palm oil in its supply chains is free of deforestation links. Palm oil used as transport fuel rose 34% between 2010 and 2014.

- Date: 2017-03-10 · published 2017-03-10T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/72017-parliament-committee-says-palm-oil-biofuels-usage-should-end-by-2020
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The report signals a likely reduction in EU biofuel demand for palm oil, which is bearish for palm oil prices. Rapeseed and soy oil could gain as replacement feedstocks.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-01-17 | [EU Parliament ends palm oil and caps crop-based biofuels at 2017 levels](https://feedsoft.ai/events/67010-eu-parliament-ends-palm-oil-and-caps-crop-based-biofuels-at-2017-levels.md) | -0.4% | -0.3% |
| PALMOIL | 2017-04-11 | [Indonesia and Malaysia look to ‘kill’ Parliament’s palm oil ban](https://feedsoft.ai/events/71391-indonesia-and-malaysia-look-to-kill-parliament-s-palm-oil-ban.md) | -1.8% | +2.1% |
| PALMOIL | 2017-09-27 | [SPEEDA \| Indonesian and Malaysian Palm Oil Industry at Critical Crossroads, given EU Resolution to Ban Palm Oil in Biofuels by 2020? \| SPEEDA](https://feedsoft.ai/events/68831-speeda-indonesian-and-malaysian-palm-oil-industry-at-critical-crossroads-given.md) | -4.3% | -2.0% |
| PALMOIL | 2019-05-10 | [EU’s Palm Oil Challenge: How Should Singapore Respond? \| RSIS](https://feedsoft.ai/events/59116-eu-s-palm-oil-challenge-how-should-singapore-respond-rsis.md) | +2.0% | +0.7% |
| PALMOIL | 2019-04-15 | [Palm oil is not a green fuel, says EU \| T&E](https://feedsoft.ai/events/59610-palm-oil-is-not-a-green-fuel-says-eu-t-and-e.md) | +0.1% | -9.1% |
| SBO | 2023-05-17 | [Malaysia Says Committed to Raising Palm Oil Biodiesel Mandate](https://feedsoft.ai/events/15734-malaysia-says-committed-to-raising-palm-oil-biodiesel-mandate.md) | +1.5% | +14.0% |
| SBO | 2016-11-25 | [Palm oil demand from Indonesia biodiesel sector to surge by 2020](https://feedsoft.ai/events/73756-palm-oil-demand-from-indonesia-biodiesel-sector-to-surge-by-2020.md) | +2.1% | -5.6% |
| SBO | 2019-04-15 | [Palm oil is not a green fuel, says EU \| T&E](https://feedsoft.ai/events/59610-palm-oil-is-not-a-green-fuel-says-eu-t-and-e.md) | -0.9% | -9.0% |

## Sources

- euractiv.com: https://www.euractiv.com/section/agriculture-food/news/parliament-committee-says-palm-oil-biofuels-usage-should-end-by-2020/

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