◂ Event Timeline

Aug 8, 2023POLICYEU

Indonesia, Malaysia and EU form task force to negotiate palm oil trade under EUDR

Indonesia, Malaysia and the EU formed an ad hoc task force to address implementation of the EU Deforestation Regulation for palm oil. The group set a deadline of end-2024 and will meet again in November 2023.

WHY IT MATTERS

Easing EUDR compliance friction could support EU palm oil imports over time, but the timeline is long and the near-term price effect is limited.

AFFECTSPalm Oil◆

2 SOURCES
spglobal.comAug 8, 2023
spglobal.comAditya KondalamahantyAug 8, 2023

Price reaction & history

Palm Oil◆neutralSO FAR1d -2.1%5d -2.3%20d +0.9%

After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.

Apr 28, 2022Malaysia able to meet global demand for palm oil following Indonesia’s export ban, says minister | Malay Mail+8.6%
May 27, 2019Malaysia, Indonesia to talk on retaliatory moves for palm oil-0.1%
Jul 30, 2019Malaysia to replace Indonesia as top palm oil supplier to India | FMT+4.2%
Jun 20, 2026Indonesia’s new palm oil export rules draw scrutiny from Malaysia, traders | Malay Mail-0.0%
Jun 23, 2026Indonesia palm oil export curbs: An open door for Malaysia?-0.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Palm Oil PALMOIL · GP ▸

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