# $1.4 Billion Palm Trade in Crossfire as Mahathir Irks India - Bloomberg

> 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.

- Date: 2020-01-21 · published 2020-01-21T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/54960-1-4-billion-palm-trade-in-crossfire-as-mahathir-irks-india-bloomberg
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-14 | [India's curbs on Malaysian palm imports stir up edible oil trade](https://feedsoft.ai/events/54691-india-s-curbs-on-malaysian-palm-imports-stir-up-edible-oil-trade.md) | -0.5% | -15.3% |
| PALMOIL | 2019-10-30 | [Palm oil industry gathers in shadow of India-Malaysia trade spat \| The Peninsula Qatar](https://feedsoft.ai/events/56675-palm-oil-industry-gathers-in-shadow-of-india-malaysia-trade-spat-the-peninsula.md) | +12.4% | +16.7% |
| 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 | 2019-05-22 | [Trade War Adds to Headaches Faced by Palm Oil Industry - Caixin Global](https://feedsoft.ai/events/59194-trade-war-adds-to-headaches-faced-by-palm-oil-industry-caixin-global.md) | 0.0% | -0.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-01-21/-1-4-billion-of-palm-trade-in-crossfire-as-mahathir-angers-india

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