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India palm import curbs to start Malaysia, Indonesia price war - association

India palm import curbs to start Malaysia, Indonesia price war - association

Thursday, January 9, 2020, 9:19 PM

India's restrictions on imports of refined palm oil will lead to a price war between the world's two biggest suppliers of the commodity, Indonesia and Malaysia, the Palm Oil Refiners Association of Malaysia said on Thursday. The Indian Ministry of Commerce and Industry issued a notification on Wednesday declaring that the import of refined palm oil is amended from 'Free' to 'Restricted.'
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