# Issue Number 22: 2nd December 2016 | FratiniVergano

> The European Parliament's environment committee discussed a draft report on palm oil and rainforest deforestation on 28 November 2016. The draft was prepared by rapporteur Kateřina Konečná and follows a March hearing on the topic.

- Date: 2016-12-02 · published 2016-12-02T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/73480-issue-number-22-2nd-december-2016-fratinivergano
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A parliamentary push against deforestation-linked palm oil could eventually restrict EU imports, which would be bearish for palm oil demand in Europe. The draft is non-binding at this stage.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-04-28 | [EU Deforestation Regulation - Introducing impactful deforestation due diligence from 30 December 2024 \| Houthoff](https://feedsoft.ai/events/30770-eu-deforestation-regulation-introducing-impactful-deforestation-due-diligence.md) | -6.1% | -5.0% |
| PALMOIL | 2018-12-01 | [Crude Palm Oil Weekly Report – December 1, 2018 \| Borneo Post Online](https://feedsoft.ai/events/61664-crude-palm-oil-weekly-report-december-1-2018-borneo-post-online.md) | +0.3% | +7.6% |
| 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 | 2019-12-16 | [Member States urge Commission to get real about fighting deforestation \| WWF](https://feedsoft.ai/events/55611-member-states-urge-commission-to-get-real-about-fighting-deforestation-wwf.md) | +0.8% | +8.9% |
| PALMOIL | 2023-09-19 | [Palm Oil Magazine - CPO Reference Price Declines, Following are CPO OF and Levy Rates for the period 16 to 30 September 2023 - Palm Oil Magazine](https://feedsoft.ai/events/15702-palm-oil-magazine-cpo-reference-price-declines-following-are-cpo-of-and-levy.md) | -0.4% | -3.1% |

## Sources

- fratinivergano.eu: https://www.fratinivergano.eu/en/trade-perspectives/issue-number-22-2nd-december-2016/

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