India's palm oil imports fell 30% from March to 508,000 tonnes in April, a 14-month low, according to five dealers. Buyers shifted to sunflower oil and soyoil because palm's premium over rival soft oils had widened.
Lower demand from the world's largest vegetable oil importer tends to build Malaysian stocks and pressure palm prices, while the shift benefits competing soft oils.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
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.
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.