# How the New EU Deforestation Regulation Affects Your Palm Oil Business - Lexology

> A Malaysian law firm outlines how the EUDR affects palm oil businesses exporting to the EU. Exporters must provide due diligence statements proving deforestation-free and legally compliant production by 30 December 2024, with fines of at least 4% of turnover for noncompliance.

- Date: 2024-06-05 · published 2024-06-05T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/29774-how-the-new-eu-deforestation-regulation-affects-your-palm-oil-business-lexology
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Malaysian palm oil exporters face compliance costs and possible loss of EU market access, which could weigh on EU-bound palm oil demand.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-02-28 | [Are You Ready? The EU deforestation regulation - Lexology](https://feedsoft.ai/events/20611-are-you-ready-the-eu-deforestation-regulation-lexology.md) | +5.0% | +8.4% |
| PALMOIL | 2022-11-03 | [New EU deforestation regulation could threaten the palm oil sector](https://feedsoft.ai/events/38694-new-eu-deforestation-regulation-could-threaten-the-palm-oil-sector.md) | -3.2% | -0.2% |
| PALMOIL | 2024-04-02 | [EUDR: Navigating the EU Regulation on Deforestation-Free Products](https://feedsoft.ai/events/30768-eudr-navigating-the-eu-regulation-on-deforestation-free-products.md) | +1.9% | -2.1% |
| PALMOIL | 2024-04-01 | [The EU Deforestation Regulation: Getting started now](https://feedsoft.ai/events/31227-the-eu-deforestation-regulation-getting-started-now.md) | +3.0% | -2.1% |
| PALMOIL | 2023-05-03 | [EU Regulation on Deforestation-free products](https://feedsoft.ai/events/35974-eu-regulation-on-deforestation-free-products.md) | +9.2% | +2.0% |

## Sources

- lexology.com: https://www.lexology.com/library/detail.aspx?g=5df35e51-d20a-416d-8411-d3ffdde9258b

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