# Is Norway Trying to Sink Indonesia-EFTA Over Palm Oil? - Palm Oil Monitor

> Rainforest Foundation Norway released a report arguing palm-based biodiesel could cause 5 million hectares of Indonesian forest loss by 2030. The article says this comes as Brussels and Geneva debate the legality of the EU Renewable Energy Directive Delegated Act. It also frames the report as complicating the EFTA-Indonesia trade deal.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/54145-is-norway-trying-to-sink-indonesia-efta-over-palm-oil-palm-oil-monitor
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Pressure on palm-based biofuel policy and the EFTA-Indonesia trade deal could affect future demand for palm oil in EU biodiesel, a modest bearish risk for palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-11-05 | [Indonesia Sounds Alarm over Brussels’ Biofuels Trojan Horse - Palm Oil Monitor](https://feedsoft.ai/events/62082-indonesia-sounds-alarm-over-brussels-biofuels-trojan-horse-palm-oil-monitor.md) | -4.3% | -7.1% |
| PALMOIL | 2019-01-07 | [Is Brussels Preparing to Delay Palm Oil Delegated Act? - Palm Oil Monitor](https://feedsoft.ai/events/61116-is-brussels-preparing-to-delay-palm-oil-delegated-act-palm-oil-monitor.md) | +0.8% | +7.5% |
| PALMOIL | 2018-06-14 | [EU new palm oil rule seen to be setting up clash with Malaysia, Indonesia](https://feedsoft.ai/events/64410-eu-new-palm-oil-rule-seen-to-be-setting-up-clash-with-malaysia-indonesia.md) | -1.2% | -6.6% |
| PALMOIL | 2025-08-20 | [Malaysia and Indonesia move to be labeled “low-risk” for palm oil.](https://feedsoft.ai/events/23345-malaysia-and-indonesia-move-to-be-labeled-low-risk-for-palm-oil.md) | -0.2% | +1.7% |
| PALMOIL | 2019-04-09 | [Indonesia, Malaysia send letter protesting EU palm oil curbs](https://feedsoft.ai/events/59471-indonesia-malaysia-send-letter-protesting-eu-palm-oil-curbs.md) | -1.9% | -8.4% |

## Sources

- palmoilmonitor.org: https://palmoilmonitor.org/2020/03/23/is-norway-trying-to-sink-indonesia-efta-over-palm-oil/

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