◂ Event Timeline

Aug 16, 2020TRADEIndia

‘Getting back to normal’: Malaysia-India palm oil trade back on track due to better prices, food security needs

Malaysia-India palm oil trade is recovering after months of disruption caused by an Indian boycott order issued in January. Malaysian exports to India had fallen to about 10-12% of normal monthly intake during early 2020, partly because of restaurant lockdowns.

Indian stocks are now low and importers are restocking.

WHY IT MATTERS

Renewed Indian buying of Malaysian palm oil tightens export availability and supports palm oil prices.

AFFECTSPALMOIL▲

SOURCE
foodnavigator.comPearly NeoAug 16, 2020

Price reaction & history

PALMOIL▲bullishSO FAR1d +0.7%5d +1.0%20d +7.4%

After 133 past bullish trade events, PALMOIL 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%
Apr 23, 2019On track for increased palm oil exports? Malaysia’s revival of China-backed mega rail project fuels hopes-0.4%
Apr 14, 2021India leans on Malaysia as palm oil imports pick up: SEAI+3.9%
Jan 1, 2019India cuts tax on palm oil imports; Malaysia to gain most - CNBC TV18+6.1%
Dec 2, 2021India to favour Malaysian palm oil as Indonesian taxes rise | FMT+2.6%

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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