General World News

Malaysia’s Palm Oil Sector Pays for Prime Minister’s Tough Talk on India

Kashmiri Muslims offer prayer inside Jamia Masjid in Srinagar

India’s boycott of Malaysian palm oil over Prime Minister Mahathir Mohamad’s rebuke of New Delhi’s handling of Kashmir and Muslim migrants may deal a heavy blow to Malaysia’s economy this year, the more so if it expands to other key commodities.

But some economists say the nominally punitive move may have as much to do with India’s growing fixation with correcting its bilateral trade deficits in an Asian echo of U.S. President Donald Trump’s “America First” push.

India is by far the largest importer of palm oil from Malaysia, the world’s second largest producer after Indonesia. The versatile fruit extract is used read more >>>

Source:: VOANews.Com