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

> 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.

- Date: 2021-02-02 · published 2021-02-02T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/48724-palm-oil-falls-nearly-2-on-weak-jan-exports-higher-indian-tax-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## 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.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-05-19 | [Palm slips 3.5pc on higher export tax reference price, weaker rivals - Markets - Business Recorder](https://feedsoft.ai/events/46979-palm-slips-3-5pc-on-higher-export-tax-reference-price-weaker-rivals-markets.md) | -4.3% | -16.7% |
| PALMOIL | 2022-06-29 | [Palm falls on likely higher output, lower demand - Markets - Business Recorder](https://feedsoft.ai/events/6219-palm-falls-on-likely-higher-output-lower-demand-markets-business-recorder.md) | -26.1% | -29.7% |
| PALMOIL | 2022-07-07 | [Palm falls for fifth day on recession woes, Indonesia’s export rules - Markets - Business Recorder](https://feedsoft.ai/events/4991-palm-falls-for-fifth-day-on-recession-woes-indonesia-s-export-rules-markets.md) | -4.4% | -6.4% |
| PALMOIL | 2022-04-01 | [Palm falls 3pc as India extends stock limit - Markets - Business Recorder](https://feedsoft.ai/events/5914-palm-falls-3pc-as-india-extends-stock-limit-markets-business-recorder.md) | -8.9% | -1.8% |
| PALMOIL | 2025-09-23 | [Palm oil drops 3% as Argentina lifts soyoil export tax - Markets - Business Recorder](https://feedsoft.ai/events/22951-palm-oil-drops-3-as-argentina-lifts-soyoil-export-tax-markets-business-recorder.md) | -0.4% | +0.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40058901

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.