# Palm oil production needs a sustainable solution

> Daniel Caspary, chair of the European Parliament's Southeast Asia delegation, argues that palm oil production needs a long-term sustainable approach. He notes Southeast Asian deforestation, palm oil's role in Indonesian and Malaysian exports, and growing global demand.

- Date: 2021-05-20 · published 2021-05-20T12:00:00.000Z
- Category: policy · region Southeast Asia · magnitude low
- Page: https://feedsoft.ai/events/47106-palm-oil-production-needs-a-sustainable-solution
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Sustainability pressure on palm oil supply could constrain future output growth while demand for palm oil in food, feed and biodiesel keeps rising. This is opinion commentary and does not itself change current palm prices.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-10-12 | [EU countries called to step up actions on sustainable palm oil](https://feedsoft.ai/events/62558-eu-countries-called-to-step-up-actions-on-sustainable-palm-oil.md) | +1.8% | -4.2% |
| PALMOIL | 2019-05-15 | [WTO \| 2019 News items - WTO members consider sustainability of palm oil trade and production](https://feedsoft.ai/events/59119-wto-2019-news-items-wto-members-consider-sustainability-of-palm-oil-trade-and.md) | +1.0% | -1.7% |
| PALMOIL | 2023-03-27 | [Making It Visible – A New Era For Sustainable Palm Oil \| ESM Magazine](https://feedsoft.ai/events/36904-making-it-visible-a-new-era-for-sustainable-palm-oil-esm-magazine.md) | +1.1% | -1.9% |
| PALMOIL | 2018-06-27 | [EU deferment allows adjustment on palm oil production standards](https://feedsoft.ai/events/64411-eu-deferment-allows-adjustment-on-palm-oil-production-standards.md) | -1.7% | -6.2% |
| PALMOIL | 2020-04-27 | [Sustainable Palm Oil, in line with European proposals against imported deforestation](https://feedsoft.ai/events/53663-sustainable-palm-oil-in-line-with-european-proposals-against-imported.md) | -4.9% | -4.9% |

## Sources

- theparliamentmagazine.eu: https://www.theparliamentmagazine.eu/news/article/palm-oil-production-needs-a-sustainable-solution

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