India’s lower import duty a boon to Malaysia’s palm oil

After 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.

• Apr 14, 2021India leans on Malaysia as palm oil imports pick up: SEAI+3.9%
• Sep 8, 2021India’s refiners seen to favour palm oil imports from Malaysia | Malay Mail-1.0%
• Jan 1, 2019India cuts tax on palm oil imports; Malaysia to gain most - CNBC TV18+6.1%
• Jan 1, 2019Malaysian palm oil futures open higher after India import tax cut | The Star+6.1%
• Dec 1, 2019Malaysia signs palm oil export deal as India resumes purchases+8.2%

After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.

• May 31, 2018Palm oil exports from Indonesia and Malaysia fell-2.6%
• May 3, 2018Malaysian palm oil price slides to 16-month low on weak demand | The Star+1.6%
• Jun 4, 2024India Sees Surge in Palm Oil Imports Amid Price Correction | Headlines+0.5%
• May 31, 2024Malaysian palm oil rises on export outlook - Markets - Business Recorder-1.1%
• May 22, 2022Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports-1.6%