# Indonesia, Malaysia freeze trade talks with EU over palm oil, Financial Times reports | Reuters

> Indonesia and Malaysia will delay trade talks with the European Union while they seek fairer treatment for smallholders under the EU deforestation law. The two countries account for about 85% of global palm oil exports, and the EU is their third-largest market.

- Date: 2023-05-31 · published 2023-05-31T12:00:00.000Z
- Category: geopolitics · region EU · magnitude low
- Page: https://feedsoft.ai/events/36036-indonesia-malaysia-freeze-trade-talks-with-eu-over-palm-oil-financial-times
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Trade friction over the EU deforestation rules could disrupt palm oil and soy-related export flows to Europe, though near-term price impact is likely limited.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-10-03 | [Malaysian Palm Oil Prices Climb Due To Middle East Tensions](https://feedsoft.ai/events/7767-malaysian-palm-oil-prices-climb-due-to-middle-east-tensions.md) | -0.9% | +1.5% |
| PALMOIL | 2023-07-24 | [Palm oil up over news on Ukraine port attack - Markets - Business Recorder](https://feedsoft.ai/events/11937-palm-oil-up-over-news-on-ukraine-port-attack-markets-business-recorder.md) | +0.1% | -3.3% |
| PALMOIL | 2022-10-31 | [Palm rises over 4% after Russia pulls out of Black Sea export corridor - Markets - Business Recorder](https://feedsoft.ai/events/8074-palm-rises-over-4-after-russia-pulls-out-of-black-sea-export-corridor-markets.md) | +11.7% | +9.1% |
| PALMOIL | 2022-11-01 | [Palm oil surges nearly 5% on worries over Black Sea supplies - Markets - Business Recorder](https://feedsoft.ai/events/8072-palm-oil-surges-nearly-5-on-worries-over-black-sea-supplies-markets-business.md) | +13.1% | +9.0% |
| PALMOIL | 2024-08-26 | [Palm and soybean oil prices rise in response to recovery in crude oil prices](https://feedsoft.ai/events/28878-palm-and-soybean-oil-prices-rise-in-response-to-recovery-in-crude-oil-prices.md) | +0.7% | +6.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/indonesia-malaysia-freeze-trade-talks-with-eu-over-palm-oil-ft-2023-05-31/

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