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India raised import duties on crude palm oil by ₹106 per quintal and on palm olein by ₹117 per quintal at the start of 2025, while cutting the soybean degum duty by ₹28 per quintal. Despite the palm duty increase, domestic CPO and palm olein prices fell in the first trading session of the year.
Higher Indian import duties on palm oil reduce import demand and can soften Malaysian palm prices, while the cut on soybean degum favors soyoil imports. The net effect is a modest tilt in the vegetable oil complex that feed buyers track through palm and soy oil.
oilsfatsasia.comGrain Feed, Milling NewsJan 4, 2025After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
