# New policies needed to regulate palm oil production and price | Malaysiakini

> Malaysia's palm oil and palm-based product exports fell in value from RM54.02 billion in 2017 to RM44.70 billion in 2018. The letter attributes the decline to EU bans and expanded Indonesian plantations, which created oversupply.

- Date: 2019-02-03 · published 2019-02-03T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6971-new-policies-needed-to-regulate-palm-oil-production-and-price-malaysiakini
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower export values and oversupply from Indonesian expansion point to weak global demand and pressure on palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-09-28 | [Palm oil faces rising protectionism and national pressures - The Malaysian Reserve](https://feedsoft.ai/events/5642-palm-oil-faces-rising-protectionism-and-national-pressures-the-malaysian-reserve.md) | -2.9% | -1.7% |
| PALMOIL | 2018-05-03 | [Malaysian palm oil price slides to 16-month low on weak demand \| The Star](https://feedsoft.ai/events/6612-malaysian-palm-oil-price-slides-to-16-month-low-on-weak-demand-the-star.md) | +0.0% | +1.5% |
| PALMOIL | 2018-08-29 | [Malaysian palm prices need to fall to RM2,100 per tonne to regain exports \| The Star](https://feedsoft.ai/events/63637-malaysian-palm-prices-need-to-fall-to-rm2-100-per-tonne-to-regain-exports-the.md) | +1.7% | -1.6% |
| PALMOIL | 2021-05-28 | [Malaysia to escalate EU palm oil dispute at WTO \| Malay Mail](https://feedsoft.ai/events/46981-malaysia-to-escalate-eu-palm-oil-dispute-at-wto-malay-mail.md) | -1.7% | -12.4% |
| PALMOIL | 2017-10-23 | [Malaysia urges France to reject EU resolution that discriminates palm oil](https://feedsoft.ai/events/68519-malaysia-urges-france-to-reject-eu-resolution-that-discriminates-palm-oil.md) | +0.7% | +1.7% |

## Sources

- malaysiakini.com: https://www.malaysiakini.com/letters/462703
- themalaysianinsight.com: https://www.themalaysianinsight.com/s/130402

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