Dip in palm oil purchase from Malaysia

In the backdrop of the backlash that it received from Malaysia’s Prime Minister Mahathir Mohamad, India’s exporters are doing away with palm oil purchases from Kuala Lumpur. Indonesia & Ukraine have emerged as alternate sources for the country. “It’s the first time ever that India has used its heft as a trade partner to express unhappiness about a political statement”, said Bipul Chatterjee, who heads the Jaipur’s Centre for International Trade, Economics and Environment.

The region is already seeing spats between other players like South Korea & Japan, and US-China trade war.