# Palm Oil News - Here Are Four Strategies of PFMA to Face the Market Pressure in European Union

> Indonesia's palm oil plantation fund agency said the sector supports 2.4 million smallholders and 16 million workers, with 2022 palm oil exports of about 34.67 million tons. The agency outlined strategies to respond to EU market pressure from the EUDR and biodiesel demand.

- Date: 2023-06-09 · published 2023-06-09T12:00:00.000Z
- Category: trade · region EU · magnitude low
- Page: https://feedsoft.ai/events/15727-palm-oil-news-here-are-four-strategies-of-pfma-to-face-the-market-pressure-in
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The agency's strategies aim to protect Indonesia's share of EU vegetable oil and biodiesel demand. The article offers policy context rather than a new supply or demand shock.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-01-19 | [Malaysia files request for consultations with the European Union and Certain Member States on certain measures concerning palm oil and oil palm crop-based biofuels at the WTO on January 15](https://feedsoft.ai/events/49045-malaysia-files-request-for-consultations-with-the-european-union-and-certain.md) | -0.9% | -0.9% |
| PALMOIL | 2021-06-16 | [World Bio Market Insights WTO to review EU’s palm oil ban](https://feedsoft.ai/events/46598-world-bio-market-insights-wto-to-review-eu-s-palm-oil-ban.md) | -2.5% | +4.1% |
| PALMOIL | 2018-02-18 | [Big palm oil controversy in fourth round of EU-Indonesia free trade talks \| AGENCE EUROPE](https://feedsoft.ai/events/66516-big-palm-oil-controversy-in-fourth-round-of-eu-indonesia-free-trade-talks.md) | 0.0% | -3.0% |
| 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 | 2019-08-20 | [Malaysia set to outpace Indonesian palm oil exports to India - Business - The Jakarta Post](https://feedsoft.ai/events/57466-malaysia-set-to-outpace-indonesian-palm-oil-exports-to-india-business-the.md) | +1.6% | +4.4% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/11911/here-are-four-strategies-of-pfma-to-face-the-market-pressure-in-european-union

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