# Malaysia palm oil industry set to be hit by Indonesia’s duty cut, India’s pro-farmers move | South China Morning Post

> Malaysian palm oil producers face margin pressure after Indonesia cut its crude palm oil duty to about US$63 per tonne from US$90. India also imposed a 20% tax on imported crude and refined vegetable oils to support farmers ahead of state elections.

- Date: 2024-09-24 · published 2024-09-24T12:00:00.000Z
- Category: policy · region Malaysia · magnitude high
- Page: https://feedsoft.ai/events/15617-malaysia-palm-oil-industry-set-to-be-hit-by-indonesia-s-duty-cut-india-s-pro
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Indonesia's lower duty boosts its export competitiveness, while India's import tax cuts demand from the largest vegetable oil importer, both pressuring palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-08-20 | [Malaysia and Indonesia move to be labeled “low-risk” for palm oil.](https://feedsoft.ai/events/23345-malaysia-and-indonesia-move-to-be-labeled-low-risk-for-palm-oil.md) | -0.2% | +1.7% |
| PALMOIL | 2018-06-14 | [EU new palm oil rule seen to be setting up clash with Malaysia, Indonesia](https://feedsoft.ai/events/64410-eu-new-palm-oil-rule-seen-to-be-setting-up-clash-with-malaysia-indonesia.md) | -1.2% | -6.6% |
| PALMOIL | 2018-01-18 | [Indonesia, Malaysia condemn European move to limit palm oil use \| Reuters](https://feedsoft.ai/events/67074-indonesia-malaysia-condemn-european-move-to-limit-palm-oil-use-reuters.md) | +0.5% | -0.0% |
| PALMOIL | 2019-04-09 | [Indonesia, Malaysia send letter protesting EU palm oil curbs](https://feedsoft.ai/events/59471-indonesia-malaysia-send-letter-protesting-eu-palm-oil-curbs.md) | -1.9% | -8.4% |
| PALMOIL | 2017-09-14 | [Changes in India’s import duty affects Malaysia palm oil market \| Malay Mail](https://feedsoft.ai/events/68832-changes-in-india-s-import-duty-affects-malaysia-palm-oil-market-malay-mail.md) | -1.6% | -5.3% |

## Sources

- scmp.com: https://www.scmp.com/week-asia/economics/article/3279739/malaysia-palm-oil-industry-set-be-hit-indonesias-duty-cut-indias-pro-farmers-move

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