◂ Event Timeline

Jan 21, 2020TRADEIndia

$1.4 Billion Palm Trade in Crossfire as Mahathir Irks India

Bloomberg reports about $1.4 billion of palm oil trade is caught in the dispute between Malaysia and India after Prime Minister Mahathir's criticism of India. Analysts said Malaysia may need to lower levies to stay competitive, and Indonesia is charging a premium on better demand.

WHY IT MATTERS

Trade friction with India threatens a major palm oil outlet and could pressure Malaysian prices while supporting Indonesian premiums.

AFFECTSPALMOIL▼

SOURCE
bloomberg.comAnuradha Raghu, Pratik ParijaJan 21, 2020

Price reaction & history

PALMOIL▼bearishSO FAR1d +0.7%5d +0.7%20d -10.5%

After 158 past bearish trade events, PALMOIL moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.

Feb 14, 2020India's curbs on Malaysian palm imports stir up edible oil trade-0.5%
Oct 30, 2019Palm oil industry gathers in shadow of India-Malaysia trade spat | The Peninsula Qatar+12.4%
Jan 9, 2020India palm import curbs to start Malaysia, Indonesia price war - Association-0.9%
Feb 2, 2024Palm falls 1% on India efforts to cut edible oil imports - Markets - Business Recorder+0.6%
May 22, 2019Trade War Adds to Headaches Faced by Palm Oil Industry - Caixin Global0.0%

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 ▸

——— · ·

Loading…