# Growing tensions between Asian palm oil producers and the European Union | Reuters

> Reuters reports on growing tensions between Asian palm oil producers and the European Union over the deforestation regulation agreed on 6 December 2022. The regulation bans sale of palm oil and other linked commodities unless importers can show their goods did not damage forests. The text provided is brief and only restates the December agreement.

- Date: 2023-01-13 · published 2023-01-13T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/37813-growing-tensions-between-asian-palm-oil-producers-and-the-european-union-reuters
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Producer opposition raises the risk of trade friction and slower EU palm oil purchases, which could weigh on palm oil prices. The impact depends on how the rule is enforced.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-11-23 | [Palm Oil News - Palm Oil Sues European Union](https://feedsoft.ai/events/56090-palm-oil-news-palm-oil-sues-european-union.md) | +3.4% | +9.1% |
| PALMOIL | 2018-01-18 | [Indonesia, Malaysia condemn European move to limit palm oil use \| Reuters](https://feedsoft.ai/events/67074-indonesia-malaysia-condemn-european-move-to-limit-palm-oil-use-reuters.md) | +0.5% | -0.0% |
| PALMOIL | 2026-07-13 | [EU adds some palm oil products to deforestation law, removes leather \| Reuters](https://feedsoft.ai/events/18353-eu-adds-some-palm-oil-products-to-deforestation-law-removes-leather-reuters.md) | +0.5% | +3.0% |
| PALMOIL | 2018-04-26 | [Winners and losers from the proposed ban on palm oil - Renewable Carbon News](https://feedsoft.ai/events/65525-winners-and-losers-from-the-proposed-ban-on-palm-oil-renewable-carbon-news.md) | -3.5% | -1.7% |
| PALMOIL | 2020-01-25 | [EU banning palm oil? There are other markets, local palm oil producers say \| Malay Mail](https://feedsoft.ai/events/54962-eu-banning-palm-oil-there-are-other-markets-local-palm-oil-producers-say-malay.md) | -1.5% | -12.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/growing-tensions-between-asian-palm-oil-producers-european-union-2023-01-13/

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