# India's refined palm oil imports to fall as duty change makes crude palm cheaper

> 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.

- Date: 2017-08-18 · published 2017-08-18T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/69561-india-s-refined-palm-oil-imports-to-fall-as-duty-change-makes-crude-palm-cheaper
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower refined imports put pressure on Indonesian and Malaysian refiners that expanded capacity for Indian demand, and cheaper crude oil shifts demand toward CPO.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-09-14 | [Changes in India’s import duty affects Malaysia palm oil market \| Malay Mail](https://feedsoft.ai/events/68832-changes-in-india-s-import-duty-affects-malaysia-palm-oil-market-malay-mail.md) | -1.6% | -5.3% |
| PALMOIL | 2024-05-17 | [Malaysia to leave duty on crude palm oil exports unchanged in June](https://feedsoft.ai/events/15648-malaysia-to-leave-duty-on-crude-palm-oil-exports-unchanged-in-june.md) | +0.9% | +2.8% |
| PALMOIL | 2018-03-02 | [Centre hikes import duty on crude, refined palm oils - The HinduBusinessLine](https://feedsoft.ai/events/10367-centre-hikes-import-duty-on-crude-refined-palm-oils-the-hindubusinessline.md) | -4.3% | -3.9% |
| PALMOIL | 2019-09-06 | [India's duty hike blunts appetite for refined Malaysian palm oil \| Malaysiakini](https://feedsoft.ai/events/57179-india-s-duty-hike-blunts-appetite-for-refined-malaysian-palm-oil-malaysiakini.md) | +0.8% | -1.9% |
| PALMOIL | 2018-08-17 | [Malaysia: Temporary changes in export duty of crude palm oil (1 September 2018 to 28 February 2019) - Global Trade Alert](https://feedsoft.ai/events/63403-malaysia-temporary-changes-in-export-duty-of-crude-palm-oil-1-september-2018-to.md) | +0.1% | -0.3% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/economy/indias-refined-palm-oil-imports-to-fall-as-duty-change-makes-crude-palm-cheaper-2363497.html

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