# Can Big Brother technology clean up palm oil's image? | The Straits Times

> Nestle, Unilever and Mondelez are testing satellite monitoring to track deforestation in palm oil producing countries such as Malaysia and Indonesia. Industry views on the effectiveness of these systems are mixed, and buyers are working to meet a 2020 zero net deforestation pledge.

- Date: 2019-02-11 · published 2019-02-11T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/60694-can-big-brother-technology-clean-up-palm-oil-s-image-the-straits-times
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Sourcing restrictions tied to deforestation could tighten the supply of certified palm oil over time, but this has little immediate price effect.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-01-06 | [Even world's top oil palm grower Indonesia is worried about prices \| The Straits Times](https://feedsoft.ai/events/15849-even-world-s-top-oil-palm-grower-indonesia-is-worried-about-prices-the-straits.md) | +0.3% | +10.5% |
| PALMOIL | 2019-05-05 | [Palm oil titan warns EU limits on biofuel use will backfire - The Business Times](https://feedsoft.ai/events/59197-palm-oil-titan-warns-eu-limits-on-biofuel-use-will-backfire-the-business-times.md) | -1.1% | -0.2% |
| PALMOIL | 2017-12-29 | [Can private standards restore credibility to the palm oil industry?](https://feedsoft.ai/events/67489-can-private-standards-restore-credibility-to-the-palm-oil-industry.md) | +5.5% | +4.4% |
| 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 | 2023-01-27 | [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% |

## Sources

- straitstimes.com: https://www.straitstimes.com/asia/se-asia/can-big-brother-technology-clean-up-palm-oils-image

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