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Malaysia's Primary Industries Minister said the government is using diplomatic channels with India after reports that Indian importers halted Malaysian palm oil purchases. India had moved refined palm oil imports from free to restricted, but had not officially confirmed a ban.
Restricted Indian imports of refined palm oil, a major demand source, could divert Malaysian exports and weigh on palm prices unless purchases resume.
themalaysianreserve.comZukriJan 17, 2020After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
