# Exclusive: Indian refiners cancel palm oil orders due to price surge

> Indian refiners have cancelled orders for 100,000 metric tons of crude palm oil scheduled for March to June delivery. The cancellations follow a surge in benchmark Malaysian prices and negative refining margins in India, according to four trade sources.

- Date: 2025-02-20 · published 2025-02-20T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/26145-exclusive-indian-refiners-cancel-palm-oil-orders-due-to-price-surge
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lost Indian demand removes a key buyer from the palm market, which pressures prices lower unless other buyers step in.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-06-18 | [Exclusive: Indian refiners cancel palm oil orders for July-Sept as prices surge](https://feedsoft.ai/events/24317-exclusive-indian-refiners-cancel-palm-oil-orders-for-july-sept-as-prices-surge.md) | -0.3% | +4.4% |
| PALMOIL | 2024-09-23 | [Exclusive: Indian refiners cancel palm oil contracts on duty hike, price rise \| Reuters](https://feedsoft.ai/events/28393-exclusive-indian-refiners-cancel-palm-oil-contracts-on-duty-hike-price-rise.md) | +1.1% | +9.0% |
| PALMOIL | 2025-12-02 | [China’s soyabean oil exports to India surge due to weak demand…](https://feedsoft.ai/events/11265-china-s-soyabean-oil-exports-to-india-surge-due-to-weak-demand.md) | +0.8% | -0.2% |
| PALMOIL | 2025-01-16 | [Exclusive: India's palm oil imports to hit 5-year low in Jan on negative margins, sources say](https://feedsoft.ai/events/26605-exclusive-india-s-palm-oil-imports-to-hit-5-year-low-in-jan-on-negative-margins.md) | -0.3% | +4.2% |
| PALMOIL | 2020-01-17 | [Govt to use diplomatic channel on India’s palm oil restriction](https://feedsoft.ai/events/54959-govt-to-use-diplomatic-channel-on-india-s-palm-oil-restriction.md) | -0.0% | -10.8% |
| SBO | 2024-09-23 | [Exclusive: Indian refiners cancel palm oil contracts on duty hike, price rise \| Reuters](https://feedsoft.ai/events/28393-exclusive-indian-refiners-cancel-palm-oil-contracts-on-duty-hike-price-rise.md) | +2.1% | -0.7% |
| SBO | 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) | +1.5% | -5.7% |
| SBO | 2025-01-16 | [Exclusive: India's palm oil imports to hit 5-year low in Jan on negative margins, sources say](https://feedsoft.ai/events/26605-exclusive-india-s-palm-oil-imports-to-hit-5-year-low-in-jan-on-negative-margins.md) | -0.5% | +2.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/indian-refiners-cancel-palm-oil-orders-due-price-surge-2025-02-20/

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