# Malaysia, Indonesia say EU palm resolution will affect millions

> Malaysia and Indonesia say a European Parliament resolution calling for a single certified sustainable palm oil scheme will affect millions of people. The resolution targets Europe-bound palm and other vegetable oil exports. The two countries are pushing back against the measure.

- Date: 2017-11-22 · published 2017-11-22T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/67867-malaysia-indonesia-say-eu-palm-resolution-will-affect-millions
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stricter EU sustainability requirements could restrict palm oil access to a major market, which would weigh on palm prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-06-29 | [Malaysia, Indonesia should jointly repel EU pressure on palm: Mahathir](https://feedsoft.ai/events/64631-malaysia-indonesia-should-jointly-repel-eu-pressure-on-palm-mahathir.md) | -3.7% | -6.3% |
| PALMOIL | 2017-04-05 | [Malaysia worried EU resolution could dent palm oil exports \| The Star](https://feedsoft.ai/events/71390-malaysia-worried-eu-resolution-could-dent-palm-oil-exports-the-star.md) | -0.3% | -1.6% |
| PALMOIL | 2025-04-01 | [Indonesia to Use 1 Million African Weevils to Spur Palm Output](https://feedsoft.ai/events/25677-indonesia-to-use-1-million-african-weevils-to-spur-palm-output.md) | -6.3% | -6.6% |
| PALMOIL | 2018-06-14 | [EU new palm oil rule seen to be setting up clash with Malaysia, Indonesia](https://feedsoft.ai/events/64410-eu-new-palm-oil-rule-seen-to-be-setting-up-clash-with-malaysia-indonesia.md) | -1.2% | -6.6% |

## Sources

- reuters.com: https://www.reuters.com/article/us-indonesia-malaysia-palmoil/malaysia-indonesia-say-eu-palm-resolution-will-affect-millions-idUSKBN1DM107/

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