# Palm Oil Faces New EU Offensive |         Global Oil & Fats Business Online – gofbonline.com

> The European Parliament's environment committee published a draft report on palm oil and deforestation, prepared by MEP Kateřina Konečná. The article says the report could lead to trade repercussions and influence the EU's biofuel sustainability approach.

- Date: 2017-02-18 · published 2017-02-18T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/72508-palm-oil-faces-new-eu-offensive-global-oil-and-fats-business-online-gofbonline
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

If the draft becomes a binding EU measure, palm oil import demand and biofuel use could fall, pressuring palm oil prices.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-06-21 | [China: Oil and Fats Review \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/70459-china-oil-and-fats-review-global-oil-and-fats-business-online-gofbonline-com.md) | -0.3% | +2.3% |
| PALMOIL | 2019-06-24 | [Malaysian Palm Oil – Industry Overview \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/58470-malaysian-palm-oil-industry-overview-global-oil-and-fats-business-online.md) | -0.6% | -1.6% |
| PALMOIL | 2018-01-15 | [Market Updates – Issue 4, 2017 \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/67048-market-updates-issue-4-2017-global-oil-and-fats-business-online-gofbonline-com.md) | -0.8% | +0.3% |
| PALMOIL | 2024-06-05 | [How the New EU Deforestation Regulation Affects Your Palm Oil Business - Lexology](https://feedsoft.ai/events/29774-how-the-new-eu-deforestation-regulation-affects-your-palm-oil-business-lexology.md) | -0.2% | +3.2% |
| 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% |
| SBO | 2017-06-21 | [Game-Changer in US Biofuels Sector \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/70360-game-changer-in-us-biofuels-sector-global-oil-and-fats-business-online.md) | +0.2% | +4.5% |
| SBO | 2021-07-01 | [Palm oil duty structure changes come at 'opportune moment' \| S&P Global](https://feedsoft.ai/events/45936-palm-oil-duty-structure-changes-come-at-opportune-moment-s-and-p-global.md) | -2.1% | +1.6% |
| SBO | 2022-05-10 | [EXCLUSIVE: Exclusive: Malaysia may cut palm oil export tax by half amid global supply crisis \| Reuters](https://feedsoft.ai/events/15819-exclusive-exclusive-malaysia-may-cut-palm-oil-export-tax-by-half-amid-global.md) | -2.7% | -5.5% |

## Sources

- gofbonline.com: https://gofbonline.com/france-vs-palm-oil-again/
- gofbonline.com: https://gofbonline.com/palm-oil-faces-new-eu-offensive/

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