# Indonesia trimming palm oil stocks with discounts to India - CNBC TV18

> Indonesian palm oil producers are cutting their stockpiles, which ballooned to 6.69 million tonnes by end-June, through discounted sales to India ahead of Diwali festival demand. India's palm imports from Indonesia are expected to reach 2 million tonnes between August and November, triple the April-July pace.

- Date: 2022-09-20 · published 2022-09-20T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/15793-indonesia-trimming-palm-oil-stocks-with-discounts-to-india-cnbc-tv18
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong Indian buying supports palm oil futures and threatens to undercut imports of soyoil and sunoil. Indonesian stock reduction eases a key source of bearish pressure on the global palm market.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bullish ▲
- SUNMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-02-24 | [Indonesia asks India to cut palm oil tariffs \| The Star](https://feedsoft.ai/events/60458-indonesia-asks-india-to-cut-palm-oil-tariffs-the-star.md) | -3.4% | -5.6% |
| PALMOIL | 2019-01-01 | [India cuts tax on palm oil imports; Malaysia to gain most - CNBC TV18](https://feedsoft.ai/events/5585-india-cuts-tax-on-palm-oil-imports-malaysia-to-gain-most-cnbc-tv18.md) | +6.1% | +8.1% |
| PALMOIL | 2019-10-09 | [Interview: Indonesia minister says Jakarta plans to hold talks with India to cut palm oil duty](https://feedsoft.ai/events/56449-interview-indonesia-minister-says-jakarta-plans-to-hold-talks-with-india-to-cut.md) | +0.0% | +16.9% |
| PALMOIL | 2018-02-04 | [Indonesia Palm Oil Exports to India Seen at Record on Demand - Bloomberg](https://feedsoft.ai/events/66571-indonesia-palm-oil-exports-to-india-seen-at-record-on-demand-bloomberg.md) | +0.4% | -0.4% |
| PALMOIL | 2026-03-01 | [Indian demand for palm oil to rebound as prices at discount to Chinese soyoil, analysts say](https://feedsoft.ai/events/20692-indian-demand-for-palm-oil-to-rebound-as-prices-at-discount-to-chinese-soyoil.md) | +5.0% | +8.4% |
| SBO | 2019-01-01 | [India cuts tax on palm oil imports; Malaysia to gain most - CNBC TV18](https://feedsoft.ai/events/5585-india-cuts-tax-on-palm-oil-imports-malaysia-to-gain-most-cnbc-tv18.md) | +2.3% | +10.4% |
| SBO | 2026-03-01 | [Indian demand for palm oil to rebound as prices at discount to Chinese soyoil, analysts say](https://feedsoft.ai/events/20692-indian-demand-for-palm-oil-to-rebound-as-prices-at-discount-to-chinese-soyoil.md) | +4.6% | -1.4% |
| SBO | 2022-07-20 | [Indonesia’s palm oil exports set to soar 60% in price blow \| FMT](https://feedsoft.ai/events/40582-indonesia-s-palm-oil-exports-set-to-soar-60-in-price-blow-fmt.md) | -3.3% | +3.0% |

## Sources

- cnbctv18.com: https://www.cnbctv18.com/economy/indonesia-trimming-palm-oil-stocks-with-discounts-india-14761111.htm
- tbsnews.net: https://www.tbsnews.net/world/global-economy/indonesia-trimming-palm-oil-stocks-discounts-india-sales-499650

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