◂ Event Timeline

Feb 2, 2021POLICYIndia

Palm oil falls nearly 2% on weak Jan exports, higher Indian tax - Markets

Malaysian palm oil futures slid nearly 2% on February 2 after India imposed an additional tax on crude palm oil imports. Malaysian January palm exports also fell 32-37% from December, according to cargo surveyors.

WHY IT MATTERS

Higher Indian import duties and a steep drop in Malaysian exports reduce demand for palm oil, weighing on prices for vegetable oil and related feed inputs.

AFFECTSPALMOIL▼

SOURCE
brecorder.comReutersFeb 2, 2021

Price reaction & history

PALMOIL▼bearishSO FAR1d -2.7%5d -3.3%20d +4.3%

After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.

May 19, 2021Palm slips 3.5pc on higher export tax reference price, weaker rivals - Markets - Business Recorder-4.3%
Jun 29, 2022Palm falls on likely higher output, lower demand - Markets - Business Recorder-26.1%
Jul 7, 2022Palm falls for fifth day on recession woes, Indonesia’s export rules - Markets - Business Recorder-4.4%
Apr 1, 2022Palm falls 3pc as India extends stock limit - Markets - Business Recorder-8.9%
Sep 23, 2025Palm oil drops 3% as Argentina lifts soyoil export tax - Markets - Business Recorder-0.4%

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.

PALMOIL · GP ▸

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