In­dia may curb im­ports from Turkey, Malaysia over J&K stand

The Times of India (New Delhi edition) - - Times Nation -

New Delhi/Mum­bai: In­dia is con­sid­er­ing re­strict­ing im­ports of some prod­ucts from Malaysia, in­clud­ing palm oil, and also Turkey, ac­cord­ing to gov­ern­ment and in­dus­try sources, in re­ac­tion to the coun­tries’ lead­ers crit­i­cis­ing New Delhi for its ac­tions in Kash­mir.

In­dia is look­ing for ways to limit palm oil im­ports and may place re­stric­tions on other goods from the coun­try, said a gov­ern­ment source and an in­dus­try source who par­tic­i­pated in dis­cus­sions led by the com­merce and in­dus­try min­istry on the planned re­stric­tions.

New Delhi was an­gered af­ter Malaysian PM Ma­hathir Mo­hamad said last month at the United Na­tions that In­dia had “in­vaded and oc­cu­pied” J&K and asked it to work with Pak­istan to re­solve the is­sue.

The gov­ern­ment wants to send a strong sig­nal of its dis­plea­sure to Malaysian authoritie­s, the sources said. In­dia is the world’s big­gest im­porter of ed­i­ble oils. Palm oil ac­counts for nearly two-thirds of In­dia’s to­tal ed­i­ble oil im­ports. In­dia buys more than 9 mil­lion tons of palm oil an­nu­ally, mainly from In­done­sia and Malaysia. In the first nine months of 2019 In­dia was the big­gest buyer of Malaysian palm oil. New Delhi is look­ing at In­done­sia, Ar­gentina and Ukraine as al­ter­na­tive sources of palm oil.

A spokes­woman for In­dia’s com­merce min­istry said the min­istry could not com­ment on things un­der con­sid­er­a­tion.

Malaysia’s PM said he had not re­ceived “any­thing official” from In­dia on the mat­ter.

The news prompted Malaysian palm oil fu­tures to snap five days of gains to end lower on Fri­day evening.

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