INDIA RESTRICTS THE IMPORT OF PALM OIL AND PALMOLEIN FROM MALAYSIA...

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India restricted the import of palm oil from Malaysia as part of its retaliation against the southeast Asian nation for criticizing New Delhi on Kashmir and its new citizenship law.

India imposed restrictions on palm oil and palmolein Wednesday, amending it from “Free” to “Restricted,” according to a notification issued by Commerce Ministry.

The move targets Malaysia, the main supplier to India of refined palm oil and palmolein.
palm oil ile ilgili görsel sonucu
Malaysian Prime Minister Mahathir Mohamad said New Delhi "invaded and occupied" Jammu and Kashmir during his address to the UN General Assembly in September, and refused to budge from demanding the UN intervene to solve the dispute.

India was among top three buyers of Malaysia’s palm oil and palm-based products in 2018. It exported 6.84 billion ringgit ($1.65 billion) of palm oil to India.

The move will likely cost Malaysia in foreign exchange as India is the world’s biggest importer of palm oil.

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