# Countries likely to restock CPO amidst fear of second wave | Borneo Post Online

> Analysts expect higher crude palm oil sales after Malaysia suspended its CPO export tax from June until year-end, making its product more competitive than Indonesia's. AffinHwang Capital reported restocking by buyers that lifted demand in June and July. Indonesia's export levy was raised to $55 per tonne, and India may consider raising edible oil import taxes.

- Date: 2020-08-07 · published 2020-08-07T12:00:00.000Z
- Category: trade · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/51470-countries-likely-to-restock-cpo-amidst-fear-of-second-wave-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Improved Malaysian export competitiveness and restocking demand support palm oil prices, while possible Indian import tax increases are a downside risk.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-07-29 | [Demand for M’sian palm oil rises \| Borneo Post Online](https://feedsoft.ai/events/6470-demand-for-m-sian-palm-oil-rises-borneo-post-online.md) | +3.1% | +8.5% |
| PALMOIL | 2019-12-15 | [Major commodities ride through obstacles in 2019 \| Borneo Post Online](https://feedsoft.ai/events/10022-major-commodities-ride-through-obstacles-in-2019-borneo-post-online.md) | +0.8% | +8.9% |
| PALMOIL | 2018-10-31 | [China to buy more vegoils and animal feed meals in coming weeks \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/62632-china-to-buy-more-vegoils-and-animal-feed-meals-in-coming-weeks-agrifish-post.md) | -3.7% | -8.1% |
| PALMOIL | 2021-03-08 | [Palm oil opportunities: India and China demand for Malaysian palm oil likely to rise this year as economies open up](https://feedsoft.ai/events/47979-palm-oil-opportunities-india-and-china-demand-for-malaysian-palm-oil-likely-to.md) | +6.6% | -1.7% |
| PALMOIL | 2019-01-01 | [India cuts tax on crude, refined palm oil imports from ASEAN countries - IBTimes India](https://feedsoft.ai/events/5589-india-cuts-tax-on-crude-refined-palm-oil-imports-from-asean-countries-ibtimes.md) | +6.1% | +8.1% |
| SBO | 2021-09-02 | [Chevron to invest in Bunge soybean crushers to secure renewable feedstock](https://feedsoft.ai/events/45152-chevron-to-invest-in-bunge-soybean-crushers-to-secure-renewable-feedstock.md) | -0.9% | +1.0% |
| SBO | 2017-10-16 | [Palm oil demand strong as top buyers China, India restock inventories \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/68563-palm-oil-demand-strong-as-top-buyers-china-india-restock-inventories-commodity.md) | +2.0% | +3.9% |
| SBO | 2018-09-26 | [Prices for sunflower oil continue to decline](https://feedsoft.ai/events/63119-prices-for-sunflower-oil-continue-to-decline.md) | +3.5% | +1.4% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2020/08/08/countries-likely-to-restock-cpo-amidst-fear-of-second-wave/

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