India`s curbs on Malaysian palm imports stir up edible oil trade

India`s curbs on Malaysian palm imports stir up edible oil trade

Investment Guru India

By Mei Mei Chu and Rajendra Jadhav

KUALA LUMPUR/MUMBAI - India's halt on Malaysian palm oil imports has disrupted global edible oil trade flows, with Indonesia diverting supplies to feed India, Malaysia rushing to tap markets left behind by Jakarta, and India substituting palm with other oils.

India, the top global palm oil buyer, imposed restrictions on imports of refined palm oil last month, a move sources said was retaliation against Malaysia's criticism of New Delhi's actions in Kashmir and a new citizenship law. Traders had also held off buying crude palm oil from Malaysia.

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