# Malaysia signs palm oil export deal as India resumes purchases

> Malaysia signed an export pact to supply palm oil to South Asia for December shipments. Indian refiners resumed buying after a nearly month-long halt triggered by a dispute over Malaysia's remarks on Kashmir.

- Date: 2019-12-01 · published 2019-12-01T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/56153-malaysia-signs-palm-oil-export-deal-as-india-resumes-purchases
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Resumed Indian demand, with about 70,000 tonnes contracted and a US$5 per tonne discount offered against Indonesia, supports Malaysian palm oil prices near two-year highs. The discount signals competitive pressure on origin pricing.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-12-06 | 5 | +8.2% | 3.2 | Indian refiners resumed palm oil buying after a month-long halt and Malaysia signed a December export deal, reviving demand and trade flow. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-04-14 | [India leans on Malaysia as palm oil imports pick up: SEAI](https://feedsoft.ai/events/47470-india-leans-on-malaysia-as-palm-oil-imports-pick-up-seai.md) | +3.9% | +15.3% |
| PALMOIL | 2021-07-01 | [India’s lower import duty a boon to Malaysia’s palm oil](https://feedsoft.ai/events/45940-india-s-lower-import-duty-a-boon-to-malaysia-s-palm-oil.md) | +1.7% | +9.8% |
| PALMOIL | 2021-10-07 | [Indonesia's Sep palm oil exports fall 33% on month as India, China favor Malaysia](https://feedsoft.ai/events/44662-indonesia-s-sep-palm-oil-exports-fall-33-on-month-as-india-china-favor-malaysia.md) | +2.3% | +4.6% |
| PALMOIL | 2019-10-29 | [As India, EU may increase duties, Indonesia eyes China for palm oil export](https://feedsoft.ai/events/56447-as-india-eu-may-increase-duties-indonesia-eyes-china-for-palm-oil-export.md) | +13.0% | +17.4% |
| PALMOIL | 2021-12-02 | [India to favour Malaysian palm oil as Indonesian taxes rise \| FMT](https://feedsoft.ai/events/15862-india-to-favour-malaysian-palm-oil-as-indonesian-taxes-rise-fmt.md) | +2.6% | +1.2% |
| 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 | 2022-02-18 | [Exclusive: India makes record U.S. soyoil purchases as drought parches South America](https://feedsoft.ai/events/8758-exclusive-india-makes-record-u-s-soyoil-purchases-as-drought-parches-south.md) | +7.7% | +6.0% |
| SBO | 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) | -0.3% | -15.0% |

## Sources

- scmp.com: https://www.scmp.com/news/asia/southeast-asia/article/3037749/malaysia-signs-south-asia-palm-oil-export-deal-giving

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