# Indonesia's palm price advantage set to diminish demand for Malaysian supply: traders | S&P Global

> Indonesia cut its crude palm oil reference price for October 16-31 to $713.89/mt from $792.19/mt, lowering its export tax to $3/mt from $33/mt. Indonesia has also waived its palm export levy since July 15, and traders expect the waiver to run to December.

- Date: 2022-10-17 · published 2022-10-17T12:00:00.000Z
- Category: trade · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/39237-indonesia-s-palm-price-advantage-set-to-diminish-demand-for-malaysian-supply
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Cheaper Indonesian palm, offered at discounts of $40-50/mt below Malaysian palm, is likely to pull Indian and other buyers away from Malaysian supply. That weighs on Malaysian palm prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-01-09 | [India palm import curbs to start Malaysia, Indonesia price war - Association](https://feedsoft.ai/events/55183-india-palm-import-curbs-to-start-malaysia-indonesia-price-war-association.md) | -0.9% | -7.6% |
| PALMOIL | 2026-07-01 | [Malaysian Palm Oil Exports to Face Pressure From Indonesian Push](https://feedsoft.ai/events/18906-malaysian-palm-oil-exports-to-face-pressure-from-indonesian-push.md) | +0.6% | +0.4% |
| PALMOIL | 2022-07-20 | [Indonesia’s palm oil exports set to soar 60% in price blow \| FMT](https://feedsoft.ai/events/40582-indonesia-s-palm-oil-exports-set-to-soar-60-in-price-blow-fmt.md) | -0.4% | +3.9% |
| PALMOIL | 2018-05-03 | [Malaysian palm oil price slides to 16-month low on weak demand \| The Star](https://feedsoft.ai/events/6612-malaysian-palm-oil-price-slides-to-16-month-low-on-weak-demand-the-star.md) | +0.0% | +1.5% |
| PALMOIL | 2019-05-06 | [Malaysian palm oil price falls for 7th day on fresh Sino-US trade tension \| The Star](https://feedsoft.ai/events/6729-malaysian-palm-oil-price-falls-for-7th-day-on-fresh-sino-us-trade-tension-the.md) | -1.1% | -0.2% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/101722-indonesias-palm-price-advantage-set-to-diminish-demand-for-malaysian-supply-traders

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