India key mkt despite import duty hike: Malaysia Palm Oil Council Chief

Quick Summary:

Malaysia remains optimistic about palm oil exports to India despite recent import duty hike, with the Malaysian Palm Oil Council (MPOC) Chairman Dato Carl Bek Nielsen emphasizing the long-standing trade relationship between the two countries.

In an interview to PTI, Nielsen stressed that India, being the world's largest palm oil importer, continues to be an "incredibly important market" for Malaysian palm oil.

Duties have been raised, and duties have been reduced, and we will see that this pattern will repeat itself in the future," Nielsen said.

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Article Details

Category: BusinessFinance

Markets: IndiaMalaysia

Topics: Tropical agriculture Palm oil Palm oil production Crops

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 12:02:55 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22965257

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