# India asks Indonesia to raise palm oil supply as prices spike - sources | Reuters

> India's landed cost of imported crude palm oil has risen 38% since Indonesia announced its export curbs on January 27. Soyoil costs in India are up 29% this year, and sunflower oil suppliers have stopped offering supplies. India has asked Indonesia to raise its palm oil supply to ease prices.

- Date: 2022-03-02 · published 2022-03-02T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/42376-india-asks-indonesia-to-raise-palm-oil-supply-as-prices-spike-sources-reuters
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Indonesian export restrictions are forcing importers such as India to pay sharply higher prices and shift to soyoil, which tightens vegetable oil demand balances and supports soyoil and palm prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-12-02 | [India to favour Malaysian palm oil as Indonesian taxes rise \| FMT](https://feedsoft.ai/events/15862-india-to-favour-malaysian-palm-oil-as-indonesian-taxes-rise-fmt.md) | +2.6% | +1.2% |
| PALMOIL | 2025-05-01 | [India starts raising palm oil buying as prices fall below soyoil](https://feedsoft.ai/events/25224-india-starts-raising-palm-oil-buying-as-prices-fall-below-soyoil.md) | -5.0% | -3.1% |
| PALMOIL | 2026-03-01 | [Indian demand for palm oil to rebound as prices at discount to Chinese soyoil, analysts say](https://feedsoft.ai/events/20692-indian-demand-for-palm-oil-to-rebound-as-prices-at-discount-to-chinese-soyoil.md) | +5.0% | +8.4% |
| PALMOIL | 2018-02-04 | [Indonesia Palm Oil Exports to India Seen at Record on Demand - Bloomberg](https://feedsoft.ai/events/66571-indonesia-palm-oil-exports-to-india-seen-at-record-on-demand-bloomberg.md) | +0.4% | -0.4% |
| SBO | 2026-03-01 | [Soy Oil Rallies as India Agrees to Cut Duties on US Supplies](https://feedsoft.ai/events/20702-soy-oil-rallies-as-india-agrees-to-cut-duties-on-us-supplies.md) | +4.6% | -1.4% |
| 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 | 2023-11-22 | [Global soybean oil prices continue to rise amid tight supply](https://feedsoft.ai/events/33253-global-soybean-oil-prices-continue-to-rise-amid-tight-supply.md) | -1.2% | -4.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/india-asks-indonesia-raise-palm-oil-supply-prices-spike-sources-2022-03-02/

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