# EU deferment allows adjustment on palm oil production standards

> Malaysian industry consultant MR Chandran said the EU's deferral of the palm biofuel ban to 2030 gives Malaysia 12 years to improve sustainability. He urged a moratorium on land expansion, noting palm oil exports are worth about US$20 billion a year.

- Date: 2018-06-27 · published 2018-06-27T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64411-eu-deferment-allows-adjustment-on-palm-oil-production-standards
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The long runway to 2030 eases near-term demand risk, but sustainability pressure could constrain future palm output growth and support prices over time.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-05-04 | [Palm oil production, development and the environment DevelopmentAid](https://feedsoft.ai/events/71040-palm-oil-production-development-and-the-environment-developmentaid.md) | +2.9% | +0.2% |
| PALMOIL | 2021-05-20 | [Palm oil production needs a sustainable solution](https://feedsoft.ai/events/47106-palm-oil-production-needs-a-sustainable-solution.md) | -2.8% | -15.8% |
| PALMOIL | 2018-10-12 | [EU countries called to step up actions on sustainable palm oil](https://feedsoft.ai/events/62558-eu-countries-called-to-step-up-actions-on-sustainable-palm-oil.md) | +1.8% | -4.2% |
| PALMOIL | 2022-03-17 | [EU Regulation on Deforestation-Free Products - Proforest](https://feedsoft.ai/events/42304-eu-regulation-on-deforestation-free-products-proforest.md) | -0.2% | -6.7% |
| PALMOIL | 2025-02-06 | [EUDR Regulation on Deforestation-free Products \| GA-Alliance](https://feedsoft.ai/events/26072-eudr-regulation-on-deforestation-free-products-ga-alliance.md) | +4.4% | +3.3% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/06/27/eu-deferment-allows-adjustment-on-palm-oil-production-standards/

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