# Big palm oil players say EU deforestation law will not hurt exports

> Large palm oil producers say the EU deforestation law will not hurt their exports. The law requires producers to submit due diligence statements showing when and where their commodities were produced. Industry concern centers on the cost and paperwork of meeting those requirements.

- Date: 2023-06-12 · published 2023-06-12T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/35525-big-palm-oil-players-say-eu-deforestation-law-will-not-hurt-exports
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Producers' confidence that exports will hold limits the expected near-term drop in EU palm oil demand. The market impact depends on how strictly the due diligence rules are enforced.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-09-27 | [Malaysia to support palm oil producers' compliance with EU deforestation law \| Reuters](https://feedsoft.ai/events/28329-malaysia-to-support-palm-oil-producers-compliance-with-eu-deforestation-law.md) | +6.8% | +9.7% |
| PALMOIL | 2022-05-24 | [Palm oil industry seeks delay to deforestation law - Unearthed](https://feedsoft.ai/events/41421-palm-oil-industry-seeks-delay-to-deforestation-law-unearthed.md) | +0.7% | -14.0% |
| PALMOIL | 2025-11-26 | [European Parliament supports year-long deforestation law delay \| Reuters](https://feedsoft.ai/events/21985-european-parliament-supports-year-long-deforestation-law-delay-reuters.md) | +1.9% | +0.1% |
| PALMOIL | 2026-08-11 | [B15 implementation in peninsular Malaysia will not affect palm oil exports \| News Hub \| PVIP2U](https://feedsoft.ai/events/15449-b15-implementation-in-peninsular-malaysia-will-not-affect-palm-oil-exports-news.md) | +0.4% | +7.2% |
| PALMOIL | 2023-07-27 | [Deforestation-free palm oil is not an automatic win-win - UKRI GCRF TRADE Hub](https://feedsoft.ai/events/35083-deforestation-free-palm-oil-is-not-an-automatic-win-win-ukri-gcrf-trade-hub.md) | +0.3% | -3.9% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/big-palm-oil-players-say-eu-deforestation-law-will-not-hurt-exports-2023-06-12/?taid=6486bb95f0166400011030e7

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