India is considering restricting imports of some products from Malaysia includin...
FILE PHOTO: Malaysian Prime Minister Mahathir Mohamad addresses the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 27, 2019. REUTERS/Eduardo Munoz
New Delhi is looking for ways to limit palm oil imports and may place restrictions on other goods from the country, said a government source and an industry source who participated in discussions led by the Ministry of Commerce and Industry on the planned restrictions.
India, the world’s biggest importer of edible oils, is planning to substitute Malaysian palm oil with supplies of edible oils from countries like Indonesia, Argentina and Ukraine, said the sources.Palm oil accounts for nearly two-thirds of India’s total edible oil imports. India buys more than 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.
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