Malaysia's Resilience Amid India's Palm Oil Tariff Surge

Malaysia's Plantation and Commodities Minister, Datuk Seri Johari Abdul Ghani, stated that India's increase in palm oil import duties is a temporary issue. Despite the changes, Malaysia continues to maintain a strong trade relationship with India, emphasizing sustainable palm oil supply, and advocating for fair global trade practices.

Amid rising import duties imposed by India, Malaysia's Plantation and Commodities Minister, Datuk Seri Johari Abdul Ghani, remains optimistic about the sustained demand for palm oil. Describing the situation as a 'temporary aberration', Ghani dismissed speculation regarding trade exchanges involving fighter aircraft.

India, a leading edible oil importer, increased the effective duty on crude and refined palm oils significantly, impacting global trade dynamics. However, Ghani remains confident, emphasizing Malaysia's commitment to supply sustainable palm oils to India's vast market.

Highlighting Malaysia's robust palm oil production, expected to exceed 19 million tonnes, Ghani advocated for equitable trade practices. Acknowledging environmental challenges, he emphasized the importance of bilateral cooperation over protectionist measures, evidenced by Malaysia's significant exports to India.

(With inputs from agencies.)