# Indonesia, Malaysia and Colombia urge EU to drop discriminatory RED II

> Indonesia, Malaysia and Colombia, through the Council of Palm Oil Producing Countries, urged the EU to drop its RED II delegated regulation that bans palm biodiesel. The three countries supply about 95% of world palm oil and called the rule scientifically flawed.

- Date: 2019-04-10 · published 2019-04-10T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/59477-indonesia-malaysia-and-colombia-urge-eu-to-drop-discriminatory-red-ii
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

If the EU keeps the palm biodiesel restriction, demand for palm oil in biofuel falls, which is bearish for palm oil prices and supportive for soyoil and rapeseed oil.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 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% | -0.0% |
| 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 | 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% |
| 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% |
| SBO | 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) | -2.4% | -6.3% |
| SBO | 2022-04-25 | [Malaysia urges countries to prioritise food over fuel as Indonesia bans palm exports](https://feedsoft.ai/events/15830-malaysia-urges-countries-to-prioritise-food-over-fuel-as-indonesia-bans-palm.md) | +1.6% | -4.6% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2019/04/478210/indonesia-malaysia-and-colombia-urge-eu-drop-discriminatory-red-ii

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