# Interview: Indonesia minister says Jakarta plans to hold talks with India to cut palm oil duty

> Indonesia's deputy minister for food and agriculture told S&P Global Platts that Jakarta plans talks with India to cut the duty on Indonesian palm oil imports, which have weakened due to Malaysian competition. Indonesia is also changing policy to allow Indian raw sugar imports and hopes to move to B30 biodiesel from January 2020.

- Date: 2019-10-09 · published 2019-10-09T12:00:00.000Z
- Category: trade · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/56449-interview-indonesia-minister-says-jakarta-plans-to-hold-talks-with-india-to-cut
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A lower Indian duty on Indonesian palm oil would support Indonesian export demand, while B30 biodiesel would absorb more domestic supply. Both factors are supportive for palm oil prices if the talks succeed.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-02-24 | [Indonesia asks India to cut palm oil tariffs \| The Star](https://feedsoft.ai/events/60458-indonesia-asks-india-to-cut-palm-oil-tariffs-the-star.md) | -3.4% | -5.6% |
| PALMOIL | 2022-09-20 | [Indonesia trimming palm oil stocks with discounts to India - CNBC TV18](https://feedsoft.ai/events/15793-indonesia-trimming-palm-oil-stocks-with-discounts-to-india-cnbc-tv18.md) | -0.8% | -2.4% |
| 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 | 2021-12-02 | [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% |
| PALMOIL | 2024-03-25 | [Declining Indonesian palm oil exports may affect domestic supply, officials say - Markets - The Jakarta Post](https://feedsoft.ai/events/31289-declining-indonesian-palm-oil-exports-may-affect-domestic-supply-officials-say.md) | +0.1% | -1.8% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/pt/market-insights/latest-news/agriculture/100919-interview-indonesia-minister-says-jakarta-plans-to-hold-talks-with-india-to-cut-palm-oil-duty

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