EU palm oil use to decline significantly by 2032

Published 2022년 12월 13일

Tridge summary

The European Commission has forecasted a significant decrease in the use of palm oil in biodiesel and food within the next decade. The share of palm oil in biodiesel is projected to drop from an average of 23% between 2019 and 2021 to 9% by 2032, due to the EU's plan to phase out palm oil-based fuels by 2030 because of their link to deforestation. However, the use of advanced biodiesels is expected to rise to 42% by 2032. In food, the use of palm oil is anticipated to fall by 35.7%, while the use of soybean oil and rapeseed oil is expected to decrease by 23.5% and 12.6%, respectively. On the other hand, the use of sunflower oil is projected to increase by 27.5%.

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Original content

The share of palm oil in biodiesel and in food in the European Union is expected to fall significantly within the next 10 years, leading to a sharp drop in imports, the European Commission said on Thursday. In its 2022-2032 Agricultural Outlook, the Commission projected palm oil would account for 9% of total biodiesel output by 2032, down from an average 23% between 2019 and 2021. Under the EU’s renewable energy directive, palm oil-based fuels, accused of being linked to deforestation, are to be phased out progressively by 2030. In contrast the share of advanced biodiesels was expected to grow to 42% by 2032 from 29% in the 2019 to 2021 period. Of this biodiesel from waste oils and fats would account for 26%, up from 23%, and other advanced biodiesels for 16%, up from 6%. In food, the use of vegetable oils was expected to rise by 2.9% compared ...

Source: UkrAgroConsult