19-April-2024
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Indonesia to increase imports from India amid New Delhi-Malaysia spat: Sources
25-Jan-2020

Indonesia has agreed to immediately increase imports of Indian buffalo meat, sugar and auto parts after India boosted purchases of Indonesian palm oil amid a spat with rival supplier Malaysia, two Indian government sources with direct knowledge of the matter told Reuters on Friday. Indonesia and Malaysia account for 85% of the world's palm oil output while India is the biggest buyer of edible oil. India has effectively halted imports of refined palm oil from Malaysia since early January in retaliation for Malaysia's accusation that recent Indian policies discriminate against Muslims. India is a Hindu-majority country while Malaysia is mainly Muslim. Indonesia, the world's biggest palm oil producer and exporter, is expected to be the biggest beneficiary of India's row with Malaysia. Indonesian crude palm oil has sold at a premium to Malaysian oil since India this month placed curbs on imports of refined palm oil.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/indonesia-to-increase-imports-from-india-amid-new-delhi-malaysia-spat-sources/articleshow/73584571.cms