Malaysia says relations with India to improve after New Delhi lifts import duty on palm oil; to send a delegation
India has been the biggest buyer of Malaysian palm oil for five years, but imports trickled to a halt after it restricted imports of refined palm and informally asked traders to avoid Malaysian palm.
Malaysia aims to resolve palm oil trade dispute with India within a month; to send a delegation soon to improve ties
After India’s January curbs on imports of refined palm oil from Malaysia, traders had also held off on buying its crude palm oil.
Govt puts restrictions on import of refined palm oil; shipment from Malaysia likely to be hit, no curbs on Indonesia
Malaysia produces 19 million tonne of palm oil in a year, while Indonesia produces 43 million tonne, the trade data showed.