# Malaysia to file WTO legal action against EU over restrictions on palm biofuel

> KUALA LUMPUR (Reuters) Malaysia, the world's second largest palm oil producer, will take legal action against the European Union's restrictions on palm oil-based biofuels with the World Trade Organization (WTO), calling the policy a "discriminatory action".

- Date: 2020-07-01 · published 2020-07-01T12:00:00.000Z
- Category: news · magnitude medium
- Page: https://feedsoft.ai/events/51977-malaysia-to-file-wto-legal-action-against-eu-over-restrictions-on-palm-biofuel
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Trade disputes over EU palm biofuel limits keep palm oil export demand uncertain, which can support palm and competing vegetable oil prices and in turn soybean oil and meal dynamics.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-malaysia-palmoil-eu/malaysia-to-file-wto-legal-action-against-eu-over-restrictions-on-palm-biofuel-idUSKBN2425VQ/
- thejakartapost.com: https://www.thejakartapost.com/news/2020/07/02/malaysia-to-file-wto-legal-action-against-eu-over-restrictions-on-palm-biofuel

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