
Indian buyers are being offered crude palm oil at about $1,165 per tonne CIF for March delivery, against roughly $1,281 for crude soyoil, according to the Solvent Extractors' Association of India. Analysts expect Indian demand for palm to rebound because of this price discount.
A widening discount to soyoil should pull Indian import demand toward palm, supporting palm prices and reducing soyoil's share of the Indian edible oil market.
After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.