# Palm Oil News - Palm Oil Sues European Union

> InfoSAWIT reports that the EU's RED II delegated act labels palm oil as unsustainable and high risk for deforestation, which Indonesia says will cut its exports to the EU. The article argues that soybeans are not subject to the same restriction.

- Date: 2019-11-23 · published 2019-11-23T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/56090-palm-oil-news-palm-oil-sues-european-union
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Losing EU palm oil access is bearish for Indonesian palm oil prices and supports soy oil demand, but the policy's price impact depends on how strongly Indonesia's exports are affected.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-01-13 | [Growing tensions between Asian palm oil producers and the European Union \| Reuters](https://feedsoft.ai/events/37813-growing-tensions-between-asian-palm-oil-producers-and-the-european-union-reuters.md) | +0.1% | -0.0% |
| PALMOIL | 2023-06-22 | [European veg oil prices slump - Fastmarkets](https://feedsoft.ai/events/35588-european-veg-oil-prices-slump-fastmarkets.md) | +0.5% | +13.6% |
| PALMOIL | 2018-10-17 | [The EU’s risky move on palm oil - Punch Newspapers](https://feedsoft.ai/events/62553-the-eu-s-risky-move-on-palm-oil-punch-newspapers.md) | -0.5% | -8.9% |
| PALMOIL | 2018-03-27 | [Europe-Asia trade war looms over palm oil - Asia Times](https://feedsoft.ai/events/66114-europe-asia-trade-war-looms-over-palm-oil-asia-times.md) | +1.0% | +0.0% |
| PALMOIL | 2018-09-10 | [How Europe can get rid of its palm oil ‘monster’](https://feedsoft.ai/events/63053-how-europe-can-get-rid-of-its-palm-oil-monster.md) | -1.2% | -2.4% |
| SBO | 2018-03-27 | [Europe-Asia trade war looms over palm oil - Asia Times](https://feedsoft.ai/events/66114-europe-asia-trade-war-looms-over-palm-oil-asia-times.md) | +2.8% | -1.4% |
| SBO | 2017-03-08 | [MEPs call for measures to stem deforestation for palm oil \| AGENCE EUROPE](https://feedsoft.ai/events/72015-meps-call-for-measures-to-stem-deforestation-for-palm-oil-agence-europe.md) | -4.8% | -6.1% |
| SBO | 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% | -2.2% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/7708/palm-oil-sues-european-union

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