# Why does the EU's recent Resolution on Palm Oil matter to ASEAN? — Singapore Institute of International Affairs

> The Singapore Institute of International Affairs explains the European Parliament's April 2017 palm oil resolution, which proposes a single palm oil certification scheme and phasing out palm oil in EU biofuels by 2020. It notes the EU market is worth about S$8.3 billion and takes 17% of Indonesia's and 13% of Malaysia's palm oil exports.

- Date: 2017-05-12 · published 2017-05-12T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/71039-why-does-the-eu-s-recent-resolution-on-palm-oil-matter-to-asean-singapore
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

If enforced, the phase-out of palm oil in EU biofuels and the certification rules would remove a meaningful export outlet for Indonesian and Malaysian palm oil, a bearish factor for palm oil prices and a bullish one for EU-grown vegetable oils such as rapeseed and soy oil.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-05-13 | [ASEAN, EU collaboration needed to resolve palm oil dispute - ASEAN Studies Center Universitas Gadjah Mada](https://feedsoft.ai/events/58961-asean-eu-collaboration-needed-to-resolve-palm-oil-dispute-asean-studies-center.md) | +2.9% | +0.2% |
| 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 | 2020-03-02 | [The Palm Oil Conundrum in EU-ASEAN Relations – The Diplomat](https://feedsoft.ai/events/54014-the-palm-oil-conundrum-in-eu-asean-relations-the-diplomat.md) | -7.2% | -13.4% |
| 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 | 2022-08-22 | [Minister Of Trade Regulation No. 30 Of 2022: Lifting The Ban Of Crude Palm Oil ("CPO") And Its Derivatives Exports - International Trade & Investment - Indonesia](https://feedsoft.ai/events/15802-minister-of-trade-regulation-no-30-of-2022-lifting-the-ban-of-crude-palm-oil.md) | +0.9% | -9.4% |
| SBO | 2022-04-28 | [Why Indonesia’s Palm Oil Export Ban Could Backfire \| Carnegie Endowment for International Peace](https://feedsoft.ai/events/42139-why-indonesia-s-palm-oil-export-ban-could-backfire-carnegie-endowment-for.md) | -2.7% | -7.3% |
| SBO | 2019-03-22 | [EU bases planned palm oil restriction on 2015 data - National - The Jakarta Post](https://feedsoft.ai/events/60111-eu-bases-planned-palm-oil-restriction-on-2015-data-national-the-jakarta-post.md) | -1.6% | -1.0% |
| SBO | 2026-05-20 | [Indonesia plan to centralise palm oil exports raises fears of supply disruption \| Reuters](https://feedsoft.ai/events/15467-indonesia-plan-to-centralise-palm-oil-exports-raises-fears-of-supply-disruption.md) | -1.4% | -3.2% |

## Sources

- siiaonline.org: https://siiaonline.org/why-does-the-eus-recent-resolution-on-palm-oil-matter-to-asean/

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