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World Asia 04 Feb 2020 ‘It's tem ...

‘It's temporary’: Malaysia curbs India palm oil import amid CAA criticism row

REUTERS
Published Feb 4, 2020, 11:54 am IST
Updated Feb 4, 2020, 11:54 am IST
Malaysia's push to implement B20 biodiesel starting this month will also help sustain high crude palm oil prices, the statement read.
Malaysia said on Tuesday that India's move to cut back on palm oil purchases is "temporary" and will be resolved amicably between the two nations. (Photo: File)
 Malaysia said on Tuesday that India's move to cut back on palm oil purchases is "temporary" and will be resolved amicably between the two nations. (Photo: File)

Kuala Lumpur: Malaysia said on Tuesday that India's move to cut back on palm oil purchases is "temporary" and will be resolved amicably between the two nations.

Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of actions in Kashmir and a new citizenship law.

 

"Having long-standing bilateral ties, the two nations will overcome the current challenges, and prevail towards mutual and beneficial outcomes," the Malaysian Palm Oil Council said in a statement, citing Primary Industries Minister Teresa Kok.

Malaysia's push to implement B20 biodiesel starting this month will also help sustain high crude palm oil prices, the statement read.

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