Palm Oil Dispute Temporary, Says Malaysia as India Restricts Imports Over Criticism on CAA, Kashmir3Photo© news18.com

Palm Oil Dispute Temporary, Says Malaysia as India Restricts Imports Over Criticism on CAA, Kashmir

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Kuala Lumpur: Malaysia said on Tuesday that India’s move to cut back on palm oil purchases from the Southeast Asian nation is “temporary” and will be resolved amicably between the two nations.

“Having long-standing bilateral ties, the two nations will overcome the current challenges, and prevail towards mutual and beneficial outcomes,” the Malaysian Palm Oil Council said in a statement, citing Primary Industries Minister Teresa Kok.

Malaysia’s push to implement B20 biodiesel starting this month will also help sustain high crude palm oil prices, the statement read.