# Indonesia asks India to cut palm oil tariffs | The Star

> 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.

- Date: 2019-02-24 · published 2019-02-24T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/60458-indonesia-asks-india-to-cut-palm-oil-tariffs-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-03-02 | [India asks Indonesia to raise palm oil supply as prices spike - sources \| Reuters](https://feedsoft.ai/events/42376-india-asks-indonesia-to-raise-palm-oil-supply-as-prices-spike-sources-reuters.md) | -2.6% | -3.6% |
| PALMOIL | 2019-01-01 | [Malaysian palm oil futures open higher after India import tax cut \| The Star](https://feedsoft.ai/events/5586-malaysian-palm-oil-futures-open-higher-after-india-import-tax-cut-the-star.md) | +6.1% | +8.1% |
| 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 | 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 | 2019-10-09 | [Interview: Indonesia minister says Jakarta plans to hold talks with India to cut palm oil duty](https://feedsoft.ai/events/56449-interview-indonesia-minister-says-jakarta-plans-to-hold-talks-with-india-to-cut.md) | +0.0% | +16.9% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/02/25/indonesia-asks-india-to-cut-palm-oil-tariffs/

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