According to EU data, as of May 3, 2026, the European Union's palm oil imports for the 2025/26 marketing year have declined by 4% year-on-year. This trend reflects the long-term constraining effect of the EU's Renewable Energy Directive (RED II) on palm oil demand. Specifically, export volumes and market share from Indonesia have decreased, while those from Malaysia and Guatemala have seen growth.

The EU stands as one of the world's core regions for palm oil consumption. The 4% year-on-year decline in imports—recorded for the 2025/26 marketing year through May 3—is primarily driven by the enduring restrictions imposed on palm oil demand by the EU's Renewable Energy Directive (RED II). This weakening on the demand side generally exerts bearish pressure on spot prices for palm oil.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.