# Forget US-China, the Malaysia-Indonesia-EU trade war may be upon us | South China Morning Post

> The European Parliament's proposal to stop recognising palm-based biofuel as renewable energy has raised the risk of a trade dispute with Malaysia and Indonesia. Indonesia's minister has warned of retaliation.

- Date: 2018-05-27 · published 2018-05-27T12:00:00.000Z
- Category: geopolitics · region EU · magnitude medium
- Page: https://feedsoft.ai/events/64890-forget-us-china-the-malaysia-indonesia-eu-trade-war-may-be-upon-us-south-china
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Possible retaliation and reduced EU biofuel demand for palm oil would weigh on palm prices and could divert trade flows.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-03-06 | [Malaysia to respond with 'might and tact' if EU proceeds with palm oil curbs: minister](https://feedsoft.ai/events/65879-malaysia-to-respond-with-might-and-tact-if-eu-proceeds-with-palm-oil-curbs.md) | -2.7% | -0.4% |
| PALMOIL | 2022-02-27 | [Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede - The HinduBusinessLine](https://feedsoft.ai/events/8528-ukraine-crisis-agri-commodities-prices-plunge-in-global-markets-as-supply-fears.md) | +9.2% | +9.9% |
| PALMOIL | 2020-04-01 | [Oil Plunges Most Since 1991 After Producers Embark on Price War](https://feedsoft.ai/events/54280-oil-plunges-most-since-1991-after-producers-embark-on-price-war.md) | -3.5% | -7.7% |
| PALMOIL | 2020-03-08 | [Oil price war between Saudi, Russia after failed OPEC deal](https://feedsoft.ai/events/54278-oil-price-war-between-saudi-russia-after-failed-opec-deal.md) | -6.5% | -12.1% |
| PALMOIL | 2022-03-28 | [Palm falls as crude prices slump, March exports weaken - Markets - Business Recorder](https://feedsoft.ai/events/5916-palm-falls-as-crude-prices-slump-march-exports-weaken-markets-business-recorder.md) | -13.0% | -3.9% |

## Sources

- scmp.com: https://www.scmp.com/week-asia/business/article/2147882/forget-us-china-malaysia-indonesia-eu-trade-war-may-be-upon-us

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