# Palm Oil News - IV Commission, Indonesian Legislators: Palm Oil Resolution, The Ways of Europe to Damage Indonesia from back side

> Indonesian legislator Edhy Prabowo criticised the European Parliament's palm oil resolution, calling it a black campaign and a threat to Indonesian smallholders. He argued the resolution aims to keep palm oil out of the EU biofuel mix by 2020. Greenpeace Indonesia said palm oil companies still cause deforestation.

- Date: 2017-12-08 · published 2017-12-08T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/67490-palm-oil-news-iv-commission-indonesian-legislators-palm-oil-resolution-the-ways
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The EU resolution targeting palm oil in biofuels threatens a key export outlet for Indonesian and Malaysian palm oil, which is bearish for palm oil prices if implemented.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-08-10 | [Palm Oil News - Indonesia Told the Objection about Palm Oil Resoulution](https://feedsoft.ai/events/69460-palm-oil-news-indonesia-told-the-objection-about-palm-oil-resoulution.md) | +0.2% | +7.4% |
| 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 | 2022-05-19 | [Indonesia president declares end of palm oil export ban from Monday \| Reuters](https://feedsoft.ai/events/41501-indonesia-president-declares-end-of-palm-oil-export-ban-from-monday-reuters.md) | +1.4% | -7.4% |
| PALMOIL | 2026-07-31 | [Changes to the scope of the EUDR – soluble coffee, packaging, samples, palm oil derivatives and more. Regulation adopted by the European Commission - IGI FOOD LAW](https://feedsoft.ai/events/18356-changes-to-the-scope-of-the-eudr-soluble-coffee-packaging-samples-palm-oil.md) | +2.1% | +4.3% |
| PALMOIL | 2018-01-18 | [Indonesia, Malaysia condemn European move to limit palm oil use \| Reuters](https://feedsoft.ai/events/67074-indonesia-malaysia-condemn-european-move-to-limit-palm-oil-use-reuters.md) | +0.5% | -0.0% |
| SBO | 2022-05-19 | [Indonesia president declares end of palm oil export ban from Monday \| Reuters](https://feedsoft.ai/events/41501-indonesia-president-declares-end-of-palm-oil-export-ban-from-monday-reuters.md) | -1.7% | -7.4% |
| 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 | 2018-12-07 | [NGO coalition urge Commissioner Canete to include palm oil and… \| T&E](https://feedsoft.ai/events/61585-ngo-coalition-urge-commissioner-canete-to-include-palm-oil-and-t-and-e.md) | +0.6% | -0.7% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/6418/iv-commission--indonesian-legislators--palm-oil-resolution--the-ways-of-europe-to-damage-indonesia-from-back-side

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