'We Are Too Small To Retaliate': Malaysia PM On India Curbs On Palm Oil
Tuesday, January 21, 2020, 8:07 AM
Malaysia will not take retaliatory trade action against India over its boycott of palm oil purchases amid a political row between the two countries, Prime Minister Mahathir Mohamad said on Monday. India, the world's largest edible oil buyer, this month effectively halted imports from its largest supplier and the world's second-biggest producer in response to comments from Mr Mahathir attacking its domestic policies.
Govt puts restrictions on import of refined palm oil
Wednesday, January 8, 2020, 8:51 PM
The government on January 8 imposed restrictions on imports of refined palm oil. According to a notification of the Directorate General of Foreign Trade (DGFT), "import policy" is amended from "free to restricted" for refined bleached deodorised palm oil and refined bleached deodorised palmolein. Putting the commodity in restricted category means an importer will require licence for import.
India cuts tax on palm oil imports; Malaysia to gain most
Tuesday, January 1, 2019, 2:44 PM
India has cut import taxes on crude and refined palm oil from Southeast Asian (ASEAN) countries after a request from suppliers, a government notification said. The reduction will lead to higher imports of palm oil by the world's biggest edible oil buyer in coming months as it would narrow the difference between the tropical vegetable oil and competitors such as soyoil and sunflower oil.