# Malaysia, Indonesia should jointly repel EU pressure on palm: Mahathir

> Malaysian Prime Minister Mahathir said Indonesia should join Malaysia in opposing European Union pressure on palm oil. The EU is a major export market for both countries but has moved to curb palm use to meet climate goals. The article text is truncated.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/64631-malaysia-indonesia-should-jointly-repel-eu-pressure-on-palm-mahathir
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

EU curbs on palm use for fuel threaten a major export market and could weigh on palm demand. Trade tension between the EU and the two largest producers adds uncertainty to prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| PALMOIL | 2017-11-22 | [Malaysia, Indonesia say EU palm resolution will affect millions](https://feedsoft.ai/events/67867-malaysia-indonesia-say-eu-palm-resolution-will-affect-millions.md) | -0.0% | -5.3% |
| 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 | 2024-09-23 | [RHB: Indonesia's tax changes could weaken Malaysia's palm oil edge](https://feedsoft.ai/events/15618-rhb-indonesia-s-tax-changes-could-weaken-malaysia-s-palm-oil-edge.md) | +1.1% | +9.0% |
| PALMOIL | 2019-04-09 | [Indonesia, Malaysia send letter protesting EU palm oil curbs](https://feedsoft.ai/events/59471-indonesia-malaysia-send-letter-protesting-eu-palm-oil-curbs.md) | -1.9% | -8.4% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/malaysia-indonesia-should-jointly-repel-eu-pressure-on-palm-mahathir-idUSKBN1JP181/

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