# MP: Most European countries against palm oil imports | Borneo Post Online

> Sabah MP Marcus Makin Mojigoh reports that most European countries object to palm oil imports after a Brussels visit by a Malaysian parliamentary delegation. The European Parliament's palm oil and deforestation resolution is non-binding, and the RSPO is awaiting an EU Commission technical evaluation.

- Date: 2017-11-02 · published 2017-11-02T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/68003-mp-most-european-countries-against-palm-oil-imports-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Political opposition in Europe to palm oil raises the risk of future import restrictions, a bearish factor for palm oil prices if the resolution is adopted or extended.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-12-01 | [Crude Palm Oil Weekly Report – December 1, 2018 \| Borneo Post Online](https://feedsoft.ai/events/61664-crude-palm-oil-weekly-report-december-1-2018-borneo-post-online.md) | +0.3% | +7.6% |
| PALMOIL | 2017-09-30 | [Crude Palm Oil Weekly Report – 30 September 2017 \| Borneo Post Online](https://feedsoft.ai/events/5639-crude-palm-oil-weekly-report-30-september-2017-borneo-post-online.md) | -2.5% | -1.5% |
| PALMOIL | 2018-12-26 | [Cost structure still tough for palm oil players \| Borneo Post Online](https://feedsoft.ai/events/61663-cost-structure-still-tough-for-palm-oil-players-borneo-post-online.md) | +5.0% | +7.8% |
| PALMOIL | 2018-09-10 | [How Europe can get rid of its palm oil ‘monster’](https://feedsoft.ai/events/63053-how-europe-can-get-rid-of-its-palm-oil-monster.md) | -1.2% | -2.4% |
| PALMOIL | 2019-11-23 | [Palm Oil News - Palm Oil Sues European Union](https://feedsoft.ai/events/56090-palm-oil-news-palm-oil-sues-european-union.md) | +3.4% | +9.1% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/11/03/mp-most-european-countries-against-palm-oil-imports/

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