# Ceca deal with India safeguards Malaysian palm oil industry’s interest, says expert | Malay Mail

> The Solvent Extractors' Association has asked the Indian government to raise import duties on refined palm oil from Malaysia after a surge in shipments from Southeast Asia. A palm oil expert says the current 45% duty is unlikely to change because of the Comprehensive Economic Cooperation Agreement between India and Malaysia. The association's request was made by industry, not the government.

- Date: 2019-07-24 · published 2019-07-24T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/57983-ceca-deal-with-india-safeguards-malaysian-palm-oil-industry-s-interest-says
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher Indian duty would cut import demand for Malaysian refined palm oil, which India takes in large volumes. The request is unlikely to be granted given the trade agreement, so the price effect is limited.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-06-23 | [Laman Web Rasmi KPK - SAWIT: Malaysia overtakes Indonesia as top palm oil exporter to India](https://feedsoft.ai/events/46460-laman-web-rasmi-kpk-sawit-malaysia-overtakes-indonesia-as-top-palm-oil-exporter.md) | +0.8% | +8.9% |
| PALMOIL | 2022-07-24 | [Malaysia's palm oil demand to sustain despite Indonesia's export levy waive - Zuraida](https://feedsoft.ai/events/15808-malaysia-s-palm-oil-demand-to-sustain-despite-indonesia-s-export-levy-waive.md) | +1.3% | +3.7% |
| PALMOIL | 2022-09-23 | [Zuraida: Extension of Indonesia’s export levy waiver won’t impact demand for Malaysia’s crude palm oil \| Malay Mail](https://feedsoft.ai/events/15792-zuraida-extension-of-indonesia-s-export-levy-waiver-won-t-impact-demand-for.md) | -3.0% | -1.2% |
| PALMOIL | 2019-08-20 | [Malaysia set to outpace Indonesian palm oil exports to India - Business - The Jakarta Post](https://feedsoft.ai/events/57466-malaysia-set-to-outpace-indonesian-palm-oil-exports-to-india-business-the.md) | +1.6% | +4.4% |
| PALMOIL | 2018-05-31 | [Palm oil exports from Indonesia and Malaysia fell](https://feedsoft.ai/events/65117-palm-oil-exports-from-indonesia-and-malaysia-fell.md) | -1.1% | -4.5% |

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2019/07/24/ceca-deal-with-india-safeguards-malaysian-palm-oil-industrys-interest-says/1774268

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