India leans on Malaysia as palm oil imports pick up: SEAI

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.

• Jul 1, 2021India’s lower import duty a boon to Malaysia’s palm oil+1.7%
• Jan 1, 2019India cuts tax on palm oil imports; Malaysia to gain most - CNBC TV18+6.1%
• Oct 7, 2021Indonesia's Sep palm oil exports fall 33% on month as India, China favor Malaysia+2.3%
• Sep 8, 2021India’s refiners seen to favour palm oil imports from Malaysia | Malay Mail-1.0%
• Dec 1, 2019Malaysia signs palm oil export deal as India resumes purchases+8.2%

After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.

• Jan 1, 2019India cuts tax on palm oil imports; Malaysia to gain most - CNBC TV18+2.3%
• Jan 1, 2019India cuts tax on crude, refined palm oil imports from ASEAN countries - IBTimes India+2.3%
• May 1, 2023Palm oil drops to one-month low on dwindling Malaysian exports-1.0%
• Feb 2, 2024Palm falls 1% on India efforts to cut edible oil imports - Markets - Business Recorder+2.4%
• Jul 19, 2023Top buyer India's sunflower oil imports to fall as Black Sea grain deal expires+10.3%