# Palm oil titan warns EU limits on biofuel use will backfire - The Business Times

> Golden Agri-Resources chairman Franky Widjaja warned that EU limits on palm oil in biofuels will backfire by hurting growers and reducing future supply. He argued that alternative oilseeds cannot meet rising food and fuel demand. Indonesia and Malaysia, which supply about 85% of world palm oil, have threatened retaliation.

- Date: 2019-05-05 · published 2019-05-05T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/59197-palm-oil-titan-warns-eu-limits-on-biofuel-use-will-backfire-the-business-times
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The dispute raises the risk of trade retaliation against EU-bound supply, which could tighten palm availability and support prices if it escalates.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-01-27 | [Indonesia wants palm oil exporters to trade on local exchanges - The Business Times](https://feedsoft.ai/events/15762-indonesia-wants-palm-oil-exporters-to-trade-on-local-exchanges-the-business.md) | -1.9% | +2.1% |
| PALMOIL | 2023-09-18 | [Malaysia reviewing windfall tax on palm oil industry  - The Business Times](https://feedsoft.ai/events/15705-malaysia-reviewing-windfall-tax-on-palm-oil-industry-the-business-times.md) | -1.6% | -4.3% |
| PALMOIL | 2023-10-27 | [Malaysia will not remove windfall tax on palm industry: state media - The Business Times](https://feedsoft.ai/events/15697-malaysia-will-not-remove-windfall-tax-on-palm-industry-state-media-the-business.md) | +2.3% | +5.6% |
| PALMOIL | 2020-04-12 | [Malaysia cuts crude palm oil export duty for May to 4.5% - The Business Times](https://feedsoft.ai/events/53507-malaysia-cuts-crude-palm-oil-export-duty-for-may-to-4-5-the-business-times.md) | -1.4% | -11.4% |
| PALMOIL | 2023-03-17 | [Indonesia pledges policy transparency with new palm oil exchange - The Business Times](https://feedsoft.ai/events/15748-indonesia-pledges-policy-transparency-with-new-palm-oil-exchange-the-business.md) | -2.8% | -6.4% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/palm-oil-titan-warns-eu-limits-biofuel-use-will-backfire

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