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India, the world's largest palm oil importer, widened the import duty gap between refined palm olein and crude palm oil. This is expected to reduce refined palm oil imports and shift demand toward crude palm oil.
Lower refined imports put pressure on Indonesian and Malaysian refiners that expanded capacity for Indian demand, and cheaper crude oil shifts demand toward CPO.
moneycontrol.comAug 18, 2017After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
