# No, palm oil is not responsible for 40% of global deforestation

> The Conversation disputes the claim that palm oil causes 40% of global deforestation, noting that Indonesia and Malaysia produce about 85% of world palm oil. It notes Indonesia's ministry sought to extend a two-year moratorium on new forest and peatland licenses. The article also describes rising demand from emerging economies.

- Date: 2017-06-08 · published 2017-06-08T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/70527-no-palm-oil-is-not-responsible-for-40-of-global-deforestation
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Possible restrictions on new palm plantings in Indonesia would constrain future palm oil supply, which is a modest long-run support for palm oil prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-12-19 | [Commission: The EU is part of the problem of global deforestation](https://feedsoft.ai/events/61587-commission-the-eu-is-part-of-the-problem-of-global-deforestation.md) | -4.2% | +0.0% |
| SOY | 2025-01-03 | [EU Deforestation Regulation now postponed by 12 months \| EY - Global](https://feedsoft.ai/events/26531-eu-deforestation-regulation-now-postponed-by-12-months-ey-global.md) | -0.7% | +4.3% |
| SOY | 2022-11-03 | [New EU deforestation regulation could threaten the palm oil sector](https://feedsoft.ai/events/38694-new-eu-deforestation-regulation-could-threaten-the-palm-oil-sector.md) | +1.4% | -0.7% |
| SOY | 2019-07-26 | [To regulate or not to regulate? EU climate commitments face key test over global deforestation (commentary)](https://feedsoft.ai/events/58116-to-regulate-or-not-to-regulate-eu-climate-commitments-face-key-test-over-global.md) | -4.0% | -3.0% |
| SOY | 2020-02-03 | [Why EU action to tackle deforestation should not let finance off the hook \| Global Witness](https://feedsoft.ai/events/54637-why-eu-action-to-tackle-deforestation-should-not-let-finance-off-the-hook.md) | +1.1% | +2.1% |
| SBM | 2023-09-01 | [Global impact of the EU’s anti-deforestation law](https://feedsoft.ai/events/34617-global-impact-of-the-eu-s-anti-deforestation-law.md) | -3.5% | -5.8% |
| SBM | 2023-08-22 | [EU Adopts New Regulation To Reduce Global Deforestation](https://feedsoft.ai/events/34614-eu-adopts-new-regulation-to-reduce-global-deforestation.md) | +3.5% | -4.2% |
| SBM | 2020-02-03 | [Why EU action to tackle deforestation should not let finance off the hook \| Global Witness](https://feedsoft.ai/events/54637-why-eu-action-to-tackle-deforestation-should-not-let-finance-off-the-hook.md) | -0.6% | +3.8% |

## Sources

- theconversation.com: https://theconversation.com/no-palm-oil-is-not-responsible-for-40-of-global-deforestation-78482

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