# Indonesia, Malaysia and EU form task force to negotiate palm oil trade under EUDR | S&P Global

> 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.

- Date: 2023-08-08 · published 2023-08-08T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/15713-indonesia-malaysia-and-eu-form-task-force-to-negotiate-palm-oil-trade-under
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## 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.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-04-28 | [Malaysia able to meet global demand for palm oil following Indonesia’s export ban, says minister \| Malay Mail](https://feedsoft.ai/events/15831-malaysia-able-to-meet-global-demand-for-palm-oil-following-indonesia-s-export.md) | +8.6% | -1.2% |
| PALMOIL | 2019-05-27 | [Malaysia, Indonesia to talk on retaliatory moves for palm oil](https://feedsoft.ai/events/58959-malaysia-indonesia-to-talk-on-retaliatory-moves-for-palm-oil.md) | -0.1% | -0.3% |
| PALMOIL | 2019-07-30 | [Malaysia to replace Indonesia as top palm oil supplier to India \| FMT](https://feedsoft.ai/events/6471-malaysia-to-replace-indonesia-as-top-palm-oil-supplier-to-india-fmt.md) | +4.2% | +8.6% |
| PALMOIL | 2026-06-20 | [Indonesia’s new palm oil export rules draw scrutiny from Malaysia, traders \| Malay Mail](https://feedsoft.ai/events/15461-indonesia-s-new-palm-oil-export-rules-draw-scrutiny-from-malaysia-traders-malay.md) | -0.0% | +0.3% |
| PALMOIL | 2026-06-23 | [Indonesia palm oil export curbs: An open door for Malaysia?](https://feedsoft.ai/events/15465-indonesia-palm-oil-export-curbs-an-open-door-for-malaysia.md) | -0.2% | -0.2% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/080823-indonesia-malaysia-and-eu-form-task-force-to-negotiate-palm-oil-trade-under-eudr
- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/080823-indonesia-malaysia-and-eu-form-task-force-to-negotiate-palm-oil-trade-under-eudr

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