# UK defies EU over Indonesian palm oil trade, leaked papers show | Palm oil | The Guardian

> Leaked papers reportedly show the UK opposed EU limits on Indonesian palm oil trade. The Guardian reports the European Parliament is pushing to ban palm-oil-based biofuels, and a draft Commission study favors binding due diligence rules for high-risk forest products.

- Date: 2018-03-09 · published 2018-03-09T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/66022-uk-defies-eu-over-indonesian-palm-oil-trade-leaked-papers-show-palm-oil-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A possible EU ban on palm oil biofuels and stricter due diligence would reduce European demand for palm oil and could weigh on palm prices, while Indonesian and Malaysian trade tensions add uncertainty.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-11-27 | [Divided over Indonesian removal of levy on palm oil exports \| The Star](https://feedsoft.ai/events/61910-divided-over-indonesian-removal-of-levy-on-palm-oil-exports-the-star.md) | -1.1% | +2.6% |
| PALMOIL | 2018-12-04 | [Indonesia relaxes palm oil levy rules \| The Star](https://feedsoft.ai/events/61467-indonesia-relaxes-palm-oil-levy-rules-the-star.md) | +0.7% | +8.4% |
| PALMOIL | 2018-12-03 | [Divided over Indonesian removal of levy on palm oil exports – Customs Today Newspaper](https://feedsoft.ai/events/61469-divided-over-indonesian-removal-of-levy-on-palm-oil-exports-customs-today.md) | +0.3% | +7.6% |
| PALMOIL | 2026-01-16 | [Indonesia’s B50 delay opens short-term export window for Malaysian palm oil \| The Star](https://feedsoft.ai/events/15501-indonesia-s-b50-delay-opens-short-term-export-window-for-malaysian-palm-oil-the.md) | +2.3% | +5.7% |
| PALMOIL | 2022-08-24 | [UPDATE 1-Indonesia Extends Palm Oil Export Levy Waiver to Oct. 31 - Trade Minister](https://feedsoft.ai/events/15796-update-1-indonesia-extends-palm-oil-export-levy-waiver-to-oct-31-trade-minister.md) | -0.1% | -8.7% |
| SBO | 2018-12-04 | [Indonesia relaxes palm oil levy rules \| The Star](https://feedsoft.ai/events/61467-indonesia-relaxes-palm-oil-levy-rules-the-star.md) | +1.4% | -0.5% |
| SBO | 2021-07-08 | [Palm Oil News - Indonesian Government Imposed New Palm Oil Export Levies as of July 2](https://feedsoft.ai/events/45938-palm-oil-news-indonesian-government-imposed-new-palm-oil-export-levies-as-of.md) | +2.2% | +1.3% |
| SBO | 2022-08-24 | [UPDATE 1-Indonesia Extends Palm Oil Export Levy Waiver to Oct. 31 - Trade Minister](https://feedsoft.ai/events/15796-update-1-indonesia-extends-palm-oil-export-levy-waiver-to-oct-31-trade-minister.md) | +0.0% | -4.1% |

## Sources

- theguardian.com: https://www.theguardian.com/environment/2018/mar/09/uk-defies-eu-over-indonesian-palm-oil-trade-leaked-papers-show

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