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AGRICOMMODITY NEWS 2020

Source: The Edge Financial Daily page 3



INDIA’S decision not to extend the safeguard import duty on several varieties of Malaysia’s palm oil would not necessarily improve exports as New Delhi still imposed restrictions on certain refined products of the commodity.
India’s Directorate General of Trade Remedies (DGTR) recently issued a statement of New Delhi’s decision not to extend the bilateral safeguard duty imposed for 180 days since September last year.
Malaysia and India’s relationship has been on thin ice after former Prime Minister (PM) Tun Dr Mahathir criticised New Delhi’s action in Kashmir. India had voiced its anger over Dr Mahathir’s criticism, leading to calls for PM Narendra Modi to ban Malaysia’s palm oil imports.

KUALA LUMPUR, March 11 (Bernama) -- Newly-appointed Primary Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said Malaysia would strengthen its ties with India, particularly to boost palm oil exports.
Relations between the two countries became strained following a political row linked to criticism of New Delhi’s actions in Kashmir and India’s new citizenship law.


MUMBAI (Reuters): India's exports of sugar to Malaysia so far in 2020 have nearly tripled over the figure for all of last year, as Kuala Lumpur steps up purchases to placate New Delhi in a trade dispute that halted its palm oil exports to India, trade officials said.

KUALA LUMPUR (March 11): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today after newly-appointed Primary Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said Malaysia would strengthen its ties with India to boost palm oil exports to the country.