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US$1.4 bil of Malaysian palm oil caught in crossfire as Mahathir angers India

Bloomberg
Bloomberg • 4 min read
US$1.4 bil of Malaysian palm oil caught in crossfire as Mahathir angers India
Tensions between the two countries began in September when Mahathir told the United Nations that India “invaded and occupied” Kashmir and later criticized India’s citizenship amendment act.
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(Jan 22): A brewing diplomatic spat between India and Malaysia has got an unusual victim in the crossfire: palm oil.

New Delhi abruptly restricted imports of refined palm oils this month, apparently irked by Malaysian Premier Mahathir Mohamad’s comments on steps taken by the administration of Indian Prime Minister Narendra Modi that affect Muslims in India. The South Asian country is the world’s biggest palm buyer and is a major market for Malaysia, the No. 2 producer.

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