# India's curbs on Malaysian palm imports stir up edible oil trade

> India's halt on Malaysian palm oil imports has disrupted global edible oil trade, with Indonesia diverting supplies to India and Malaysia seeking markets left behind. Indonesian palm prices have climbed to a rare premium to Malaysian levels on expectations of higher Indian purchases. Benchmark prices rose 60% from July to December but have recently fallen on Indian demand concerns and the China coronavirus outbreak.

- Date: 2020-02-14 · published 2020-02-14T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/54691-india-s-curbs-on-malaysian-palm-imports-stir-up-edible-oil-trade
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Redirected flows and a narrowing spread between palm and other oils encourage substitution away from palm, weighing on palm prices while supporting competing vegetable oils.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-01-09 | [India palm import curbs to start Malaysia, Indonesia price war - Association](https://feedsoft.ai/events/55183-india-palm-import-curbs-to-start-malaysia-indonesia-price-war-association.md) | -0.9% | -7.6% |
| PALMOIL | 2024-02-02 | [Palm falls 1% on India efforts to cut edible oil imports - Markets - Business Recorder](https://feedsoft.ai/events/31765-palm-falls-1-on-india-efforts-to-cut-edible-oil-imports-markets-business.md) | +0.6% | +3.9% |
| PALMOIL | 2021-04-05 | [Malaysia's 2021 crude palm oil exports to surge 24.4% on year: MPOC](https://feedsoft.ai/events/47465-malaysia-s-2021-crude-palm-oil-exports-to-surge-24-4-on-year-mpoc.md) | +0.4% | +4.8% |
| PALMOIL | 2023-05-01 | [Palm oil drops to one-month low on dwindling Malaysian exports](https://feedsoft.ai/events/4382-palm-oil-drops-to-one-month-low-on-dwindling-malaysian-exports.md) | -5.2% | -7.2% |
| PALMOIL | 2017-07-19 | [Malaysia, Indonesia mull taking EU plans to curb palm oil imports to WTO \| Bioenergy International](https://feedsoft.ai/events/70002-malaysia-indonesia-mull-taking-eu-plans-to-curb-palm-oil-imports-to-wto.md) | +1.4% | +4.0% |
| SBO | 2020-03-05 | [Desire for detente not enough to reignite Malaysian palm oil exports to India \| Malay Mail](https://feedsoft.ai/events/54235-desire-for-detente-not-enough-to-reignite-malaysian-palm-oil-exports-to-india.md) | -7.3% | -11.5% |
| SBO | 2019-12-01 | [Malaysia signs palm oil export deal as India resumes purchases](https://feedsoft.ai/events/56153-malaysia-signs-palm-oil-export-deal-as-india-resumes-purchases.md) | +1.9% | +15.6% |
| SBO | 2022-04-28 | [Indonesia export ban traps 290,000 T of palm oil shipments for India  -trade](https://feedsoft.ai/events/41969-indonesia-export-ban-traps-290-000-t-of-palm-oil-shipments-for-india-trade.md) | -2.7% | -7.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-india-malaysia-palmoil/indias-curbs-on-malaysian-palm-imports-stir-up-edible-oil-trade-idUSKBN2080WJ/

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