India has been Malaysia’s biggest palm oil buyer since 2014, replacing China, taking up 28% of palm oil exports during the first nine months of 2019.
“If it materialises, India will have to source its palm oil for food from Indonesia and it would have to accept whatever price that Indonesia sets. Nageeb expressed optimism that everything will be back to normal and Malaysia can continue to have good trade with India.According to a source, Malaysia’s exports to India were worth US$10.8 billion in the fiscal year ended March 31, while imports totalled US$6.4 billion.
Primary Industries Minister Teresa Kok has said that the country is exploring the possibility of sourcing raw sugar from India starting next year to enhance bilateral trade with India. “The IGST is possible . Now, people prefer to buy refined oil so their refiners do not have enough business and this will affect our market.
this is what happens when the MO1 listens to the wanted fugitive from mumbai, india. even go to UN to protest after advice from that fugitive. in the end, this country suffer.
Its scary right? One wrong saying, its triple hard work from now. Sometime being silent and looking after our own backyard can be a wise choice for a small country.