Malaysia to engage with India over palm oil curbs – ministe

Thu Jan 16 2020
Lucy Harlow (4101 articles)
Malaysia to engage with India over palm oil curbs – ministe

 Malaysia will use diplomatic channels as it moves to resolve concerns over palm oil exports after India imposed some curbs last week, a minister said on Thursday.

“This year, we foresee more challenges in some of our major markets, Teresa Kok, Malaysia’s minister of primary industries, told an industry conference.

A key concern was India’s imposition of restrictions on RBD palm oil, she added, referring to refined palm oil.

“Despite these developments, the ministry will continuously engage these markets, including through diplomatic channels to seek amicable solutions to restore market confidence and further strengthen existing and potential markets.”

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe