Data from the EU indicates that, as of May 31, EU palm oil imports for the 2025/26 marketing year had fallen by 5% year-on-year, reflecting the long-term constraining effect of the EU Renewable Energy Directive (RED III) on palm oil demand. Notably, export volumes and market shares from Indonesia declined, while those from Malaysia and Guatemala increased.

The EU is a major global market for palm oil consumption. The 5% year-on-year drop in imports—compounded by the long-term demand constraints imposed by RED III—exerts downward pressure on demand, generally acting as a bearish factor for palm oil prices.

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