# The Palm Oil Conundrum in EU-ASEAN Relations – The Diplomat

> The EU's Renewable Energy Directive II is causing palm oil tensions with Indonesia and Malaysia, who are seeking ASEAN support and considering a WTO challenge. Southeast Asian growers fear a lasting decline in palm oil exports to the European Union.

- Date: 2020-03-02 · published 2020-03-02T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/54014-the-palm-oil-conundrum-in-eu-asean-relations-the-diplomat
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected lower EU palm imports due to deforestation rules shift demand toward other markets and could weigh on palm oil prices over time.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-03-01 | [Will the EU call the palm oil nations’ bluff? \| T&E](https://feedsoft.ai/events/66025-will-the-eu-call-the-palm-oil-nations-bluff-t-and-e.md) | -2.0% | -2.6% |
| PALMOIL | 2016-12-29 | [EU palm oil ban sows bitter seeds \| The ASEAN Post](https://feedsoft.ai/events/73585-eu-palm-oil-ban-sows-bitter-seeds-the-asean-post.md) | -1.2% | -0.1% |
| PALMOIL | 2022-11-03 | [New EU deforestation regulation could threaten the palm oil sector](https://feedsoft.ai/events/38694-new-eu-deforestation-regulation-could-threaten-the-palm-oil-sector.md) | -3.2% | -0.2% |
| PALMOIL | 2019-03-12 | [People or palm oil corporations: who will the EU listen to? \| T&E](https://feedsoft.ai/events/60109-people-or-palm-oil-corporations-who-will-the-eu-listen-to-t-and-e.md) | -0.6% | +2.9% |
| PALMOIL | 2017-05-12 | [Why does the EU's recent Resolution on Palm Oil matter to ASEAN? — Singapore Institute of International Affairs](https://feedsoft.ai/events/71039-why-does-the-eu-s-recent-resolution-on-palm-oil-matter-to-asean-singapore.md) | -0.7% | -5.1% |

## Sources

- thediplomat.com: https://thediplomat.com/2020/03/the-palm-oil-conundrum-in-eu-asean-relations/

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