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Indonesia has asked India to cut its tariff on refined palm oil to 45%, matching the levy Malaysia faces. In exchange, Indonesia offered India market access for sugar, according to Indonesia's trade ministry.
A lower Indian duty on Indonesian palm oil would expand export access to a major importer and could support Indonesian palm prices relative to Malaysian competitors. The outcome is still only a proposal.
thestar.com.myThe Star OnlineFeb 24, 2019After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
