Reuters reported last week that India was considering curbing imports of some Malaysian products, including palm oil, after Kuala Lumpur criticised New Delhi for its actions in Kashmir. Malaysia is the world’s second-largest producer and exporter of palm oil after Indonesia, and India is Malaysia’s third-largest market for the oil. Some Indian traders said refiners had already stopped buying Malaysian palm oil for shipment in November and December, fearing higher import taxes or other measures. Malaysia on Tuesday said it would consider increasing imports of raw sugar and buffalo meat from India, as it looked to quell trade tensions. In August, India stripped its portion of the Kashmir valley of statehood and autonomy, clamped down on communications and carried out mass arrests.

Source: bd News24 October 16, 2019 07:07 UTC