Azmin: Trade spat with India over palm oil will not be prolonged

Azmin: Trade spat with India over palm oil will not be prolonged

KUALA LUMPUR: The boycott of the Malaysia’s palm oil by Indian traders will likely not be prolonged as there were not enough supplies from top producer Indonesia to cover the shortfall, said Economic Affairs Minister, Datuk Seri Mohamed Azmin Ali (pix).

Indian traders have been told to stop buying palm oil from Malaysia, the second biggest exporter of the commodity, after remarks by Prime Minister Tun Dr Mahathir Mohamad on Kashmir sparked anger in New Delhi.

Mahathir told the UN General Assembly late last month that India had “invaded and occupied” Kashmir, a disputed Muslim-majority region also claimed by Pakistan.

The boycott of Malaysian palm oil was likely temporary as supplies from Indonesia alone were not enough to meet demand in India, said Azmin.

“We are confident that very soon, we will be able to resolve this matter effectively,“ Azmin told parliament yesterday.

Azmin also defended Mahathir’s remarks, saying that Malaysia should be free to voice its opinions on international issues.

Mahathir has said he will not retract his comments despite the palm oil boycott.

India revoked the status of its Jammu and Kashmir state in August and on Wednesday moved to split the state into two territories. — Reuters

GLOBAL AGRITECH SUMMIT 2019

Tags assigned to this article:
not prolongedpalm oiltrade spat