# Malaysia is fighting for its billion-dollar palm oil industry | Environment | Al Jazeera

> Malaysia has launched a lobbying and public relations campaign to defend its palm oil industry against EU sustainability rules that would phase out palm oil from renewable fuels by 2030. Malaysia and Indonesia together produce about 85% of world palm oil.

- Date: 2019-08-21 · published 2019-08-21T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/57464-malaysia-is-fighting-for-its-billion-dollar-palm-oil-industry-environment-al
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The EU phase-out targets a large share of palm demand, and the defensive campaign signals ongoing uncertainty over palm oil export outlets, which weighs on palm prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-09-30 | [EU palm oil ban more than environmental issue - Asia Times](https://feedsoft.ai/events/57133-eu-palm-oil-ban-more-than-environmental-issue-asia-times.md) | -2.1% | +2.5% |
| PALMOIL | 2019-06-24 | [Malaysian Palm Oil – Industry Overview \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/58470-malaysian-palm-oil-industry-overview-global-oil-and-fats-business-online.md) | -0.6% | -1.6% |
| PALMOIL | 2017-04-11 | [Indonesia and Malaysia look to ‘kill’ Parliament’s palm oil ban](https://feedsoft.ai/events/71391-indonesia-and-malaysia-look-to-kill-parliament-s-palm-oil-ban.md) | -1.8% | +2.1% |
| PALMOIL | 2019-09-06 | [India's duty hike blunts appetite for refined Malaysian palm oil \| Malaysiakini](https://feedsoft.ai/events/57179-india-s-duty-hike-blunts-appetite-for-refined-malaysian-palm-oil-malaysiakini.md) | +0.8% | -1.9% |
| 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% |

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2019/8/21/malaysia-is-fighting-for-its-billion-dollar-palm-oil-industry

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