Malaysia is talking to the Indian government and trade officials in a bid to res...
KUALA LUMPUR - Malaysia is talking to the Indian government and trade officials in a bid to resolve concerns over New Delhi’s new palm oil import restrictions, a minister in Kuala Lumpur said on Thursday amid a trade spat between the countries.
India, the world’s biggest buyer of edible oils, last week placed curbs on imports of refined palm oil and has informally asked traders to stop importing all kinds of palm oil from Malaysia, the world’s second biggest producer and exporter of palm oil. It is “important for us to engage with them further through diplomatic channels and stakeholders,” she told reporters on the sidelines of the event. “We will continue to engage.”
Mahathir, the 94-year-old premier who is vocal on issues concerning the Muslim world, ignored a question from Reuters on the spat with India on the sidelines of a separate event on Thursday. India was Malaysia’s biggest buyer of palm oil in 2019, buying 4.4 million tonnes. In 2020, purchases could fall below 1 million tonnes if relations do not improve, Indian traders say.
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