# Europe Still Needs RI’s Palm Oil Despite EUDR - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> GAPKI and the palm oil plantation fund board said the EU still relies on imports of vegetable oils despite the EU Deforestation-Free Regulation taking effect in 2023. Indonesian officials said biodiesel demand in Europe is rising and Indonesia must improve sustainability to keep its share.

- Date: 2023-06-11 · published 2023-06-11T12:00:00.000Z
- Category: trade · region EU · magnitude low
- Page: https://feedsoft.ai/events/15725-europe-still-needs-ri-s-palm-oil-despite-eudr-gabungan-pengusaha-kelapa-sawit
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Continued EU import demand supports palm oil export demand, but EUDR compliance costs could shift trade toward other vegetable oils. The net effect on prices is mixed and mainly a longer-term consideration.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-06-22 | [Despite Of Covid-19, Palm Oil Export Still Promising - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/52494-despite-of-covid-19-palm-oil-export-still-promising-gabungan-pengusaha-kelapa.md) | -0.9% | +5.6% |
| PALMOIL | 2021-08-02 | [WTO Agrees To Review EU’s Anti-Palm Oil Policy - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/45588-wto-agrees-to-review-eu-s-anti-palm-oil-policy-gabungan-pengusaha-kelapa-sawit.md) | +2.6% | +5.6% |
| PALMOIL | 2021-01-05 | [Govt To Counter EU’s Palm Oil Unfairness With New Strategy - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/49166-govt-to-counter-eu-s-palm-oil-unfairness-with-new-strategy-gabungan-pengusaha.md) | +1.3% | -10.0% |
| PALMOIL | 2021-05-17 | [RI Govt Applies 4 Ways To Solve CPO Export Problems - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/46983-ri-govt-applies-4-ways-to-solve-cpo-export-problems-gabungan-pengusaha-kelapa.md) | -2.5% | -15.7% |
| PALMOIL | 2022-07-24 | [Malaysia's palm oil demand to sustain despite Indonesia's export levy waive - Zuraida](https://feedsoft.ai/events/15808-malaysia-s-palm-oil-demand-to-sustain-despite-indonesia-s-export-levy-waive.md) | +1.3% | +3.7% |
| SBO | 2021-01-05 | [Govt To Counter EU’s Palm Oil Unfairness With New Strategy - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/49166-govt-to-counter-eu-s-palm-oil-unfairness-with-new-strategy-gabungan-pengusaha.md) | -1.5% | +4.2% |
| SBO | 2023-04-11 | [Govt Urged To Take Pro-Palm Oil Steps Amid Recession and Barriers - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15739-govt-urged-to-take-pro-palm-oil-steps-amid-recession-and-barriers-gabungan.md) | +0.5% | -2.5% |
| SBO | 2018-05-31 | [Palm oil exports from Indonesia and Malaysia fell](https://feedsoft.ai/events/65117-palm-oil-exports-from-indonesia-and-malaysia-fell.md) | -2.6% | -7.8% |

## Sources

- gapki.id: https://gapki.id/en/news/2023/06/11/europe-still-needs-ris-palm-oil-despite-eudr/

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