# EU palm oil deal stirs controversy

> European environmental groups say the EU's 2030 palm biofuel phase-out does not protect rainforests and was shaped by EU trade interests in Malaysia and Indonesia. The article recaps the January parliamentary vote and Malaysia's accusation of 'crop apartheid'.

- Date: 2018-06-22 · published 2018-06-22T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/64413-eu-palm-oil-deal-stirs-controversy
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The political controversy adds uncertainty about whether the EU phase-out will be finalized as agreed, which affects the long-term outlook for palm demand.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-05-02 | [Palm Oil controversies go global - Forest Peoples Programme](https://feedsoft.ai/events/71042-palm-oil-controversies-go-global-forest-peoples-programme.md) | +3.2% | +3.8% |
| PALMOIL | 2022-05-24 | [Explainer: Indonesia's stop-start controls on palm oil exports](https://feedsoft.ai/events/15823-explainer-indonesia-s-stop-start-controls-on-palm-oil-exports.md) | +0.7% | -14.0% |
| PALMOIL | 2018-10-17 | [The EU’s risky move on palm oil - Punch Newspapers](https://feedsoft.ai/events/62553-the-eu-s-risky-move-on-palm-oil-punch-newspapers.md) | -0.5% | -8.9% |
| PALMOIL | 2018-05-15 | [Driving on palm oil: a dead end \| Both ENDS](https://feedsoft.ai/events/65041-driving-on-palm-oil-a-dead-end-both-ends.md) | +0.8% | -2.6% |
| PALMOIL | 2018-03-09 | [UK defies EU over Indonesian palm oil trade, leaked papers show \| Palm oil \| The Guardian](https://feedsoft.ai/events/66022-uk-defies-eu-over-indonesian-palm-oil-trade-leaked-papers-show-palm-oil-the.md) | +0.5% | +3.8% |

## Sources

- dw.com: https://www.dw.com/en/does-eu-biofuel-deal-compromise-the-environment-for-trade-with-southeast-asia/a-44350293

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