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The Solvent Extractors' Association of India asked the government to raise the duty differential between crude and refined palm oil to 15% from 7.5%. The group says rising refined palm oil imports are hurting domestic refiners, citing higher RBD palmolein and crude imports in 2022-23.
A wider duty gap would shift Indian palm imports back toward crude, changing the flow of palm products and affecting refined oil and soft oil demand.
newindianexpress.comPTINov 21, 2023After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% over 20.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
