On Oct. 11, Reuters exclusively reported that India is considering restricting imports of some products from Malaysia including palm oil in reaction to the Southeast Asian country’s leader critique of New Delhi actions in Kashmir. Malaysian palm oil futures, which were trading up 0.4 percent, erased gains and closed 0.9 percent lower following the Reuters report. Reuters followed up with another exclusive, revealing that Indian refiners have stopped buying Malaysian palm oil for shipments in November and December fearing New Delhi could raise import taxes or enforce other measures to curtail imports from Kuala Lumpur.
Reuters reveals India considering Malaysia palm oil restrictions
11 October 2019, 12:00 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia