KUALA LUMPUR - Malaysia will work diplomatically with India if it decides to restrict imports of Malaysian palm oil, Prime Minister Mahathir Mohamad said on Wednesday , according to the state news agency Bernama.
Malaysia is the world's second-largest producer and exporter of palm oil after Indonesia, and India is Malaysia's third-largest market for the oil. Some Indian traders said refiners had already stopped buying Malaysian palm oil for shipment in November and December, fearing higher import taxes or other measures.
"This is the reaction from the business community. Hence, we cannot react to their personal decisions," he said, according to Bernama.
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