Planters hope India palm oil import restriction does not affect prices
A smallholder loads oil palm nuts into a truck for delivery to processing plants. India is set to restrict palm oil imports from Malaysia in a bed to encourage its domestic market. – The Malaysian Insight file pic, January 10, 2020.
INDIA’S decision to restrict imports of refined palm oil will not have a significant impact on local prices for the commodity, which is enjoying a rebound, said a planters group. The Malaysian Agriculture Producers Association told The Malaysian Insight demand for the edible oil is growing worldwide and Malaysia has other markets for the commodity.
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