Commodities & Energy

Reuters first to report Indian importers shunning Malaysian palm oil

Reuters first to report Indian importers shunning Malaysian palm oil

Reuters was first to report that Indian palm oil importers have effectively stopped all purchases from top supplier Malaysia after the government privately urged them to boycott its product following a diplomatic spat. India is the world’s largest buyer of palm oil and the move to effectively block imports from Malaysia could put pressure on palm oil prices in Malaysia and push up palm oil inventories in the country.