# Minister: Malaysia will retaliate against EU goods in case of palm oil ban

> Malaysia's plantation minister said the European Parliament's vote to phase out palm oil in biofuels by 2021 is discriminatory and that Malaysia could retaliate against EU goods. Malaysia exports about two million tonnes of palm oil to Europe, over 30% of it used for biodiesel. Kuala Lumpur said it would first seek dialogue and could take the case to the WTO.

- Date: 2018-02-13 · published 2018-02-13T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/66372-minister-malaysia-will-retaliate-against-eu-goods-in-case-of-palm-oil-ban
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A future EU biofuel palm oil ban would remove a large export outlet, threatening palm prices, though the phase-out is years away and the outcome is uncertain.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-13 | [Malaysia backs off from WTO suit against EU on palm oil](https://feedsoft.ai/events/54694-malaysia-backs-off-from-wto-suit-against-eu-on-palm-oil.md) | -2.8% | -16.7% |
| 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 | 2017-04-11 | [Indonesia and Malaysia look to ‘kill’ Parliament’s palm oil ban](https://feedsoft.ai/events/71391-indonesia-and-malaysia-look-to-kill-parliament-s-palm-oil-ban.md) | -1.8% | +2.1% |
| PALMOIL | 2019-04-26 | [Minister: Govt to intervene in event of steep palm oil, biofuel price hike \| Malay Mail](https://feedsoft.ai/events/59479-minister-govt-to-intervene-in-event-of-steep-palm-oil-biofuel-price-hike-malay.md) | -7.0% | -8.1% |
| PALMOIL | 2026-01-27 | [Palm Oil Magazine - Indonesia Delays B50 Mandate as Malaysia Gains Edge in Global CPO Exports - Palm Oil Magazine](https://feedsoft.ai/events/15504-palm-oil-magazine-indonesia-delays-b50-mandate-as-malaysia-gains-edge-in-global.md) | +5.6% | +3.0% |
| 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% |
| SBO | 2018-03-01 | [Will the EU call the palm oil nations’ bluff? \| T&E](https://feedsoft.ai/events/66025-will-the-eu-call-the-palm-oil-nations-bluff-t-and-e.md) | -0.1% | -1.1% |
| SBO | 2022-06-07 | [Indonesia to cut maximum palm oil export tax and levy to a combined $488/T -trade minister \| Reuters](https://feedsoft.ai/events/15811-indonesia-to-cut-maximum-palm-oil-export-tax-and-levy-to-a-combined-488-t-trade.md) | -4.9% | -21.1% |

## Sources

- euractiv.com: https://www.euractiv.com/section/agriculture-food/interview/minister-malaysia-will-retaliate-against-eu-goods-in-case-of-palm-oil-ban/

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