# China and India demand boosts palm oil price despite EU pressure - Nikkei Asia

> Palm oil prices are rising on recovering demand from China and India. Labor shortages in producing countries caused by the coronavirus pandemic are also tightening supply. The Bursa Malaysia index price was 3,064 ringgit a ton in mid-October, up 38% year on year.

- Date: 2020-10-25 · published 2020-10-25T12:00:00.000Z
- Category: trade · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/50738-china-and-india-demand-boosts-palm-oil-price-despite-eu-pressure-nikkei-asia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger Asian import demand combined with reduced output supports palm oil prices. Higher palm prices also lift the cost of competing vegetable oils and the wider edible oil complex used in feed.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-04-22 | [Palm Oil demand from China and India expected to rise as prices become competitive, says MPOC](https://feedsoft.ai/events/25223-palm-oil-demand-from-china-and-india-expected-to-rise-as-prices-become.md) | +0.8% | -2.2% |
| PALMOIL | 2018-11-02 | [Palm oil analysts see price rise as China demand shifts; output growth eases](https://feedsoft.ai/events/6989-palm-oil-analysts-see-price-rise-as-china-demand-shifts-output-growth-eases.md) | -1.9% | -5.0% |
| PALMOIL | 2026-03-01 | [Indian demand for palm oil to rebound as prices at discount to Chinese soyoil, analysts say](https://feedsoft.ai/events/20692-indian-demand-for-palm-oil-to-rebound-as-prices-at-discount-to-chinese-soyoil.md) | +5.0% | +8.4% |
| PALMOIL | 2019-10-29 | [As India, EU may increase duties, Indonesia eyes China for palm oil export](https://feedsoft.ai/events/56447-as-india-eu-may-increase-duties-indonesia-eyes-china-for-palm-oil-export.md) | +13.0% | +17.4% |
| PALMOIL | 2019-04-15 | [Palm oil-based biodiesel exports to China and EU surge in first…](https://feedsoft.ai/events/59478-palm-oil-based-biodiesel-exports-to-china-and-eu-surge-in-first.md) | +0.1% | -9.1% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/commodities/china-and-india-demand-boosts-palm-oil-price-despite-eu-pressure

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