Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, October 25
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»Hit by curbs on export of Indian commodities, Malaysia refers to friendly ties to urge India to ensure supplies
    Commodities

    Hit by curbs on export of Indian commodities, Malaysia refers to friendly ties to urge India to ensure supplies

    July 19, 20242 Mins Read


    NEW DELHI: Feeling the pinch of curbs on exports of Indian rice, sugar and onions, Malaysian minister for plantation and commodities Datuk Seri Johari Abdul Ghani on Thursday invoked “friendly ties” to say that they would like New Delhi to have some “arrangement” to ensure their supply.

    Ghani said India’s restrictions on exports of agri commodities are bad for Malaysia. “We need sugar, onions and basmati rice. Our domestic rice production meets just 65% of our requirement and demand for basmati rice is rising. Around 25% of our people prefer basmati rice. We believe that India can allocate some quantities of these essential commodities for Malaysia even if there is an overall ban,” he told reporters.

    India, the world’s biggest exporter of rice and onions and the second biggest exporter of sugar, had imposed restrictions on shipment of these commodities to keep domestic prices under check.

    The reference to “friendly ties” assumes significance in view of the tension between the two countries over Malaysia’s refusal to extradite radical Islamic preacher, Zakir Naik, who is wanted here for a series of terror-related crimes. Naik, identified by many terror suspects as the inspiration for their turn to radicaliasation and jehadi violence, has since been given Malaysian citizenship, much to India’s chagrin.

    Earlier speaking on the sidelines of an event organised by the Indian Vegetable Oil Producers’ Association, Ghani said, “If India opens up, it will be beneficial for Malaysia.” Malaysia, the second biggest exporter of palm oil to India, is caught in a challenging position due to export restrictions on food items.

    He also addressed growing concerns over health implications of the use of palm oil. Malaysia has been among the biggest exporters of palm oil to India and the minister said that there is no replacement of palm oil in future. Ghani said they don’t see any decline in export of palm oil to India considering population growth.

    He also met agriculture minister Shivraj Singh Chouhan on Thursday and offered its support in research and development, seed supply and management expertise to India in its oil palm mission. Under the the National Mission for edible oils, govt aims at increasing crude palm oil production to 28-30 lakh tonne by 2032-33. India imported 97.6 lakh tonne of palm oil and 30 lakh of this came from Malaysia in the oil year 2022-23 (October-September).



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleUS stock futures rise as tech rout pauses; major earnings awaited By Investing.com
    Next Article Financial Firms Must Improve Treatment of Politicians

    Related Posts

    Commodities

    Trump Names SEC Crypto Task Force Head Selig as Next Nominee to Run U.S. CFTC

    October 25, 2025
    Commodities

    Trump Taps SEC Official to Head Commodities Regulator

    October 25, 2025
    Commodities

    India’s diesel exports to Europe likely to remain firm during October-December 2025

    October 25, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Utilities

    Inhwan Ko: Renewable energy utilities: who they are, what they think and how they talk to local communities

    October 22, 2024
    Stock Market

    Ugly day for global stocks across Wall Street, Europe, Nikkei

    August 17, 2024
    Bitcoin

    Calm Before the Storm? Why Bitcoin Traders Can Expect a Bumpy Ride

    August 27, 2024
    What's Hot

    Charter Hall Retail REIT augmente sa participation dans Hotel Property Investments à près de 77%. -Le 03 février 2025 à 01:02

    February 2, 2025

    The stock market is off to another wild day after China retaliates against Trump’s massive tariffs

    April 9, 2025

    US stock futures rise with Powell speech, rate cuts in focus By Investing.com

    August 23, 2024
    Most Popular

    Treasuries slip, dollar firm as markets grapple with US politics

    July 15, 2024

    Sensex Today | Stock Market LIVE Updates: Nifty at 22,700, UltraTech Cement, Trent top gainers

    March 25, 2025

    What are Rachel Reeves’ options on property tax?

    August 20, 2025
    Editor's Picks

    Bitcoin s’élève au-dessus du niveau de percée de 109 590 $

    May 25, 2025

    China’s EV manufacturers face their ‘Evergrande moment’

    June 3, 2025

    Chute des principales cryptomonnaies ; le bitcoin passe sous la barre des 104 000 dollars -Le 23 janvier 2025 à 22:16

    January 23, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.