# India to favour Malaysian palm oil as Indonesian taxes rise | FMT

> India's Solvent Extractors' Association says India is likely to buy more Malaysian palm oil after Indonesia's export taxes hit record highs. Indonesia's share of India's palm oil imports fell to 55% in January-September, while Malaysia's rose to 45%. India also cut base import duties on palm, soy and sunflower oils in September.

- Date: 2021-12-02 · published 2021-12-02T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/15862-india-to-favour-malaysian-palm-oil-as-indonesian-taxes-rise-fmt
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Shifting Indian demand toward Malaysian palm oil supports Malaysian prices and widens Indonesia's export discount. High Indonesian levies keep the cost of its palm oil elevated for buyers.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-09-08 | [India’s refiners seen to favour palm oil imports from Malaysia \| Malay Mail](https://feedsoft.ai/events/44945-india-s-refiners-seen-to-favour-palm-oil-imports-from-malaysia-malay-mail.md) | -1.0% | +7.4% |
| PALMOIL | 2021-10-07 | [Indonesia's Sep palm oil exports fall 33% on month as India, China favor Malaysia](https://feedsoft.ai/events/44662-indonesia-s-sep-palm-oil-exports-fall-33-on-month-as-india-china-favor-malaysia.md) | +2.3% | +4.6% |
| PALMOIL | 2022-03-02 | [India asks Indonesia to raise palm oil supply as prices spike - sources \| Reuters](https://feedsoft.ai/events/42376-india-asks-indonesia-to-raise-palm-oil-supply-as-prices-spike-sources-reuters.md) | -2.6% | -3.6% |
| 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 | 2022-11-14 | [Palm oil rises on Nov export strength, higher Indonesian taxes](https://feedsoft.ai/events/15779-palm-oil-rises-on-nov-export-strength-higher-indonesian-taxes.md) | -4.6% | -5.7% |

## Sources

- staging-beta.freemalaysiatoday.com: https://staging-beta.freemalaysiatoday.com/category/nation/2021/12/02/india-to-favour-malaysian-palm-oil-as-indonesian-taxes-rise

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