Eu Black Campaign 2017: Global Palm Oil Price Surge Vs. Indonesia's Export Resilience To Asia-Europe Markets

Djono Albar Burhan (Program Doktor Ilmu Lingkungan, Universitas Riau, Indonesia)
Lufita Nur Alfiah (Program Doktor Ilmu Lingkungan, Universitas Riau, Indonesia)
Zawil Hijri (Program Doktor Ilmu Lingkungan, Universitas Riau, Indonesia)
Lely Yuliani (Program Doktor Ilmu Lingkungan, Universitas Riau, Indonesia)
Dewi Susanti (Program Doktor Ilmu Lingkungan, Universitas Riau, Indonesia)

Mamangan Social Science Journal
Vol 15, No 1 (2026): Jurnal Ilmu Sosial Mamangan Accredited 2 (SK Dirjen Ristek Dikti No. 0173/C3/DT

The European Parliament's 2017 resolution on palm oil and rainforest deforestation, framed as a black campaign, significantly depressed global palm oil prices but showed no substantial impact on Indonesian palm oil exports to the Netherlands, Spain, China, and India. Employing an event study methodology with paired sample t-tests on monthly data (August 2024–October 2025), this research reveals a mean price drop from USD 790.08 to USD 741.49 per metric ton (p=0.004), while export values remained statistically unchanged across markets (p>0.05). Findings underscore market resilience in non-EU importers and suggest policy needs for sustainability certification amid ongoing trade tensions