# EU palm oil ban sows bitter seeds | The ASEAN Post

> Indonesian farmers say the European Parliament's move to ban palm oil in biofuels threatens their incomes. The ban follows a British grocer's decision to stop using palm oil over environmental concerns. Europe was among the biggest palm oil consumers, with about half of its palm oil use last year going to biofuels.

- Date: 2016-12-29 · published 2016-12-29T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/73585-eu-palm-oil-ban-sows-bitter-seeds-the-asean-post
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Losing the EU biofuel market would reduce demand for palm oil and push prices down. Lower prices would ease vegetable oil costs for feed buyers but hurt producer margins.

## Read by commodity

- 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 | 2016-12-29 | [CPO futures as hedging mechanism following planned EU palm oil ban \| The ASEAN Post](https://feedsoft.ai/events/73575-cpo-futures-as-hedging-mechanism-following-planned-eu-palm-oil-ban-the-asean.md) | -1.2% | -0.1% |
| PALMOIL | 2020-03-02 | [The Palm Oil Conundrum in EU-ASEAN Relations – The Diplomat](https://feedsoft.ai/events/54014-the-palm-oil-conundrum-in-eu-asean-relations-the-diplomat.md) | -7.2% | -13.4% |
| PALMOIL | 2018-08-22 | [Solving the palm oil puzzle](https://feedsoft.ai/events/63553-solving-the-palm-oil-puzzle.md) | -0.3% | -2.2% |
| PALMOIL | 2019-05-23 | [Palm oil extends losses on EU rule, weaker soyoil \| The Star](https://feedsoft.ai/events/59163-palm-oil-extends-losses-on-eu-rule-weaker-soyoil-the-star.md) | -0.1% | -0.9% |

## Sources

- theaseanpost.com: https://theaseanpost.com/article/eu-palm-oil-ban-sows-bitter-seeds

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