# Local palm oil buyers boost imports from Indonesia | FMT

> Malaysian traders plan to increase palm oil and related product imports from Indonesia by about 20,000 tonnes in March, to 60-70,000 tonnes in April if Indonesia cuts its export tax to around US$3 a tonne from US$18. Benchmark palm prices have eased about 10 percent from four-year highs in January to RM2,760 a tonne.

- Date: 2017-03-24 · published 2017-03-24T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/72114-local-palm-oil-buyers-boost-imports-from-indonesia-fmt
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Indonesian export taxes would boost Malaysian import demand and ease regional supply tightness, a mildly bearish factor for palm prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-09-19 | [Indonesia cuts palm oil levy to be competitive, boost exports \| FMT](https://feedsoft.ai/events/15622-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports-fmt.md) | +2.4% | +11.3% |
| PALMOIL | 2024-11-22 | [Indonesia Cuts Palm Oil Levy to Be Competitive, Boost Exports](https://feedsoft.ai/events/15606-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports.md) | +0.2% | -3.7% |
| PALMOIL | 2022-04-25 | [Crude palm oil excluded from Indonesia export ban](https://feedsoft.ai/events/41968-crude-palm-oil-excluded-from-indonesia-export-ban.md) | +1.2% | -1.7% |
| PALMOIL | 2016-12-04 | [Palm Oil News - EU: German Should not Import Palm oil from Malaysia and Indonesia](https://feedsoft.ai/events/73509-palm-oil-news-eu-german-should-not-import-palm-oil-from-malaysia-and-indonesia.md) | +0.8% | +1.9% |
| PALMOIL | 2022-05-19 | [Indonesia president declares end of palm oil export ban from Monday \| Reuters](https://feedsoft.ai/events/41501-indonesia-president-declares-end-of-palm-oil-export-ban-from-monday-reuters.md) | +1.4% | -7.4% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/nation/2017/03/24/local-palm-oil-buyers-boost-imports-from-indonesia

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