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The Palm Oil Refiners Association of Malaysia said India's restriction on refined palm oil imports will cost Malaysia market share. The association expects Malaysia and Indonesia to compete on price for crude palm oil sales to India.
The restriction was issued as a notification that industry sources described as an effective ban.
Malaysia's refined palm exports to India are at risk, and a price war with Indonesia could push palm export prices lower. Buyers may see cheaper palm supplies, but the trade disruption adds volatility.
nst.com.myReutersJan 9, 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.
