Insta
Malaysian PM Mahathir’s Anti-India Stance Proves A Costly Affair As Indian Traders Stop Palm Oil Imports
Malaysian Prime Minister Mahathir Mohamad. (How Hwee Young - Pool/GettyImages).
India's palm oil imports from Malaysia have effectively dried up as importers have stopped all purchases originating from the island nation after the Government of India is said to have privately asked them for it, reports The Times of India.
The situation arises as Malaysian Prime Minister (PM) Mahathir Mohamad continued his anti-India stance on Kashmir and several other issues including the Citizenship (Amendment) Act (CAA) which was passed by the sovereign parliament of India and received President Ram Nath Kovind's assent last month.
The latest shock to Malaysia comes in succession to India's decision to restrict imports of refined palm oil and palmolein from there. A notification in this regard had been issued by the government last week.
Malaysia, which was the top supplier of crude and refined palm oil, has now been replaced by Indonesia. The Indian importers have begun sourcing supplies from Indonesia despite the fact that Malaysian crude palm oil is available at $800 a tonne while the same shipment sourced from Indonesia costs a $10 premium.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
