# Indonesia, Malaysia aim to fight 'discrimination' against palm oil

> Indonesia and Malaysia, which together account for about 85% of global palm oil exports, are pushing back against what they call discrimination over the EU deforestation law. The EU law bans imports of commodities linked to deforestation, which is expected to hurt palm oil. The two countries are seeking to contest the measure.

- Date: 2023-06-08 · published 2023-06-08T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/35529-indonesia-malaysia-aim-to-fight-discrimination-against-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Trade friction over EU rules can cut palm oil shipments to Europe and add uncertainty to palm oil prices. Any resolution would reduce that pressure.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-08-10 | [Jokowi, Mahathir agree to fight EU's palm oil discrimination - ANTARA News](https://feedsoft.ai/events/57465-jokowi-mahathir-agree-to-fight-eu-s-palm-oil-discrimination-antara-news.md) | +0.4% | +1.9% |
| 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 | 2026-06-23 | [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% |
| PALMOIL | 2018-01-31 | [Palm Oil News - Cess of Malaysia is Different from CSF of Indonesia](https://feedsoft.ai/events/66870-palm-oil-news-cess-of-malaysia-is-different-from-csf-of-indonesia.md) | -1.3% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/indonesia-president-calls-collaboration-with-malaysia-fight-discrimination-2023-06-08/

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