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

> Palm oil has moved to a rare premium over soft oils in India, reportedly more than $30 a tonne, because Indonesian import and export restrictions have constrained supply. Dealers say this is making sunflower oil and soyoil more attractive to Indian buyers.

- Date: 2023-04-19 · published 2023-04-19T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/36508-palm-oil-s-rare-premium-leads-to-wash-out-in-india-dealers
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

A palm premium to soft oils shifts Indian demand toward soyoil and sunflower oil, supporting those prices while palm loses competitiveness. Continued Indonesian restrictions keep palm tight relative to substitutes.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲
- SUNMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-07-01 | [India’s lower import duty a boon to Malaysia’s palm oil](https://feedsoft.ai/events/45940-india-s-lower-import-duty-a-boon-to-malaysia-s-palm-oil.md) | +1.7% | +9.8% |
| 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 | 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 | 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 | 2019-12-01 | [Malaysia signs palm oil export deal as India resumes purchases](https://feedsoft.ai/events/56153-malaysia-signs-palm-oil-export-deal-as-india-resumes-purchases.md) | +8.2% | +11.0% |
| SBO | 2023-05-03 | [India’s Palm Oil Imports Hit 14-month Low, Said Dealers](https://feedsoft.ai/events/4380-india-s-palm-oil-imports-hit-14-month-low-said-dealers.md) | +1.9% | -7.9% |
| 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 | 2025-02-20 | [Exclusive: Indian refiners cancel palm oil orders due to price surge](https://feedsoft.ai/events/26145-exclusive-indian-refiners-cancel-palm-oil-orders-due-to-price-surge.md) | -0.2% | -5.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/palm-oils-rare-premium-leads-wash-out-india-dealers-2023-04-19/

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