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Malaysia is set to replace Indonesia as India's top palm oil supplier in 2019 because of a lower import duty on refined palm oil under a trade agreement. Malaysia's share of India's imports rose to 52% in the first half of 2019, up from 30% in 2018.
India cut its duty on refined palm oil from other origins to 50%, while Malaysian shipments pay 45%.
The shift in origin favors Malaysian refiners and shifts trade flows, but overall palm oil supply and price effects are limited.
freemalaysiatoday.comReutersJul 30, 2019After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
