Malaysian Palm Oil Association expects business will be as usual with India despite news that India is considering curbing imports of some Malaysian products. — Picture by Mukhriz Hazim
“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. Now, of course, it is selling palm oil at a cheaper price, but when they are the only market that India is sourcing from, they can hike the price and this is the implication that they have to seriously look at.
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. Minister of Primary Industries 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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MPOA sees business as usual amid India palm oil curbs threatIt says if the threat materialises, India will have to source its palm oil from Indonesia and would have to accept whatever price it sets. FMTNews OilPalm 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. 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.
Source: fmtoday - 🏆 5. / 72 Read more »
MPOA sees business as usual amid India palm oil curbs threatIt says if the threat materialises, India will have to source its palm oil from Indonesia and would have to accept whatever price it sets. FMTNews OilPalm 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. 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.
Source: fmtoday - 🏆 5. / 72 Read more »
Malaysia Airlines to make maintenance, repair and overhaul business great again | Malay MailSEPANG, Oct 19 ― With the completion of the first third party maintenance job for Singapore Airlines’ (SIA) aircraft, Malaysia Airlines Bhd (MAB) is confident of making its maintenance, repair and overhaul (MRO) business great again as it re-enters the market after a hiatus of almost four... They had sold the business & now realized it can bring big profit & benefit to mas 😂😂 anthonyloke MOTMalaysia How? Buy back what uve sold? Start from scratch? 😂😂😂
Source: malaymail - 🏆 1. / 86 Read more »