Malaysia softens after tensions with Kashmir on India - - AB TAK NEWS


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Wednesday, 16 October 2019

Malaysia softens after tensions with Kashmir on India -

Malaysia softens after tensions with Kashmir on India - Five big news

Malaysia's Prime Minister Mahathir Mohammad has said that Malaysia will resolve the issue diplomatically if India imposes a ban on palm oil imports.

According to Malaysia's official news agency Bernama, PM Mahatir Mohammad said, "If the Indian government starts a policy of boycott, we will resolve it diplomatically so that tension can be reduced." Earlier Mahatir Mohammad said that If India stops import of palm oil from Malaysia, then they will also review trade relations with India.

PM Mahatir had said that business relations with India are not one-sided but mutual. Now Malaysia is looking soft in this matter.

Since the neutralization of Article 370 in Kashmir, tensions between India and Malaysia have increased. Tensions escalated when Malaysian Prime Minister Mahathir Mohammad not only raised the issue of Kashmir in the UN General Assembly last month, but even said that India had kept Kashmir in check. India had strongly objected to this comment of Mahathir Mohammad.

According to the news agency Reuters, there was so much talk that India made up its mind to stop the import of palm oil from Malaysia. Some traders have also decided to stop buying palm oil for November-December shipping.

Malaysia is the second largest palm oil producer and exporter in the world after Indonesia and India is the third largest palm oil importer for Malaysia.

According to the Bernama News Agency, Mahathir has said, "Despite the Indian traders stopping the purchase of palm oil, no official information has been given by the Government of India for the ban on imports." This is the reaction of traders and we cannot comment on any personal decision. "According to Reuters, Malaysia had said on Tuesday that it would increase imports of sugar and beef to reduce business stress from India.

Palm oil accounts for two-thirds of the oils used in food in India. India imports 9 million tonnes of palm oil every year and mainly from Malaysia and Indonesia.

In the first nine months of 2019, India imported 3 million tonnes of palm oil from Malaysia. According to the data of the Malaysian Palm Oil Board, India's monthly imports from Malaysia are 433,000 tonnes.

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