Palm oil's rare premium leads to 'wash out' in India -dealers

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.

• Jul 1, 2021India’s lower import duty a boon to Malaysia’s palm oil+1.7%
• Mar 2, 2022India asks Indonesia to raise palm oil supply as prices spike - sources | Reuters-2.6%
• Sep 8, 2021India’s refiners seen to favour palm oil imports from Malaysia | Malay Mail-1.0%
• Feb 24, 2019Indonesia asks India to cut palm oil tariffs | The Star-3.4%
• Dec 1, 2019Malaysia signs palm oil export deal as India resumes purchases+8.2%

After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.

• May 3, 2023India’s Palm Oil Imports Hit 14-month Low, Said Dealers+1.9%
• Mar 2, 2022India asks Indonesia to raise palm oil supply as prices spike - sources | Reuters+1.5%
• Feb 20, 2025Exclusive: Indian refiners cancel palm oil orders due to price surge-0.2%
• Dec 1, 2019Malaysia signs palm oil export deal as India resumes purchases+1.9%
• Feb 13, 2019Indonesia defends palm oil after EU targets 2030 phase-out in road fuel | FMT-1.2%

Not enough comparable past events yet for a historical read.