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India let a safeguard import duty on several Malaysian palm oil products lapse after its 180-day term ended March 2, 2020. Restrictions on refined palm oil and olein imports remain in place, so exports are not expected to rebound sharply.
The article notes ongoing strained relations between the two countries.
Limited improvement in Indian demand for Malaysian palm keeps export flows subdued, leaving palm prices without a strong demand boost.
kpk.gov.myMar 12, 2020After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% over 20.
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.
