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India's December 2022 palm oil imports rose 94% from a year earlier to a record 1.1 million tonnes for the month, as palm oil's discount to rival oils widened and refiners increased purchases. Imports for the December quarter reached a record 3.1 million tonnes, according to dealers.
Strong Indian buying helps Indonesia and Malaysia reduce inventories, supporting palm oil prices, although the narrowing discount to soyoil may limit further gains.
business-standard.comReutersJan 4, 2023After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
