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02 Jan 2020 13:37 #377955
by ketchim
India, the world's biggest importer of edible oils, buys more than 9m tonnes of palm oil annually
mainly from Indonesia and Malaysia.
Between January-October 2019, India was the biggest buyer of Malaysian palm oil, taking in more than 4m tonnes
according to official Malaysian data.
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02 Jan 2020 13:38 - 02 Jan 2020 13:39 #377956
by ketchim
Malaysia palm oil industry
has become an unexpected casualty of a row with India over disputed Kashmir.
Last edit: 02 Jan 2020 13:39 by
ketchim.
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02 Jan 2020 13:41 #377957
by ketchim
Malaysian Prime Minister Mahathir Mohamad said India had "invaded and occupied" the Himalayan territory.
Delhi revoked Indian-administered Kashmir's autonomy in early August
and communication and other curbs remain in place in the region more than four months on.
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02 Jan 2020 13:46 #377959
by ketchim
The comments did not go down well in Delhi, and India's top vegetable oil trade body
called on its members to avoid buying Malaysian palm oil to "show solidarity" over Kashmir
- a move Mr Mahathir said "amounts to a trade war".
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02 Jan 2020 13:50 #377960
by ketchim
Analysts feel the tactics are similar to those China's accused of using, where trade is a retaliatory tool.
"It is a form of linkage between economic and political objectives in foreign policy
that India had not shown earlier."
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Palm OIL : who knew ?
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