Reuters reported exclusively that Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices. Leading Indian importers have contracted up to 200,000 tonnes of crude palm oil from Malaysia, the world’s No.2 producer after Indonesia, to be shipped in June and July.
Reuters exclusively reports India resumes purchases of Malaysian palm oil
19 May 2020, 12:00 am. 1 minute
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