# Indonesia, Malaysia send letter protesting EU palm oil curbs

> The leaders of Indonesia and Malaysia, the world's two largest palm oil producers, sent a letter to the European Union objecting to its decision to no longer count palm oil as a green fuel. The letter also warned of threats to EU ties with the region.

- Date: 2019-04-09 · published 2019-04-09T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/59471-indonesia-malaysia-send-letter-protesting-eu-palm-oil-curbs
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

EU restrictions on palm-based biofuel reduce a demand outlet for palm oil, which is bearish for palm prices, though retaliation risk adds volatility.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-04-12 | [Indonesia, Malaysia launch efforts to counter EU palm oil resolution](https://feedsoft.ai/events/71386-indonesia-malaysia-launch-efforts-to-counter-eu-palm-oil-resolution.md) | -2.5% | +1.6% |
| PALMOIL | 2019-08-27 | [Palm oil: Indonesia and Malaysia push back as EU clamps down - Nikkei Asia](https://feedsoft.ai/events/57462-palm-oil-indonesia-and-malaysia-push-back-as-eu-clamps-down-nikkei-asia.md) | -1.2% | +0.3% |
| 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 | 2016-12-04 | [Palm Oil News - EU: German Should not Import Palm oil from Malaysia and Indonesia](https://feedsoft.ai/events/73509-palm-oil-news-eu-german-should-not-import-palm-oil-from-malaysia-and-indonesia.md) | +0.8% | +1.9% |

## Sources

- reuters.com: https://www.reuters.com/article/us-indonesia-malaysia-eu-palmoil/indonesia-malaysia-send-letter-protesting-eu-palm-oil-curbs-idUSKCN1RL0Y6/

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