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Indian refiners are reported to favour Malaysian palm oil over Indonesian supplies because of Indonesia's heavy export tax and levy. Between January and June 2021 India imported 1.75 million tonnes from Malaysia versus 1.72 million from Indonesia.
A shift in Indian import sourcing toward Malaysia redirects palm oil trade flows, supporting Malaysian export demand and prices while weighing on Indonesian export volumes.
malaymail.comSep 8, 2021After 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.
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.
