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News about Malaysian palm oil: ‘Consider the change in Mahathir’s tone’: Malaysian prime minister waiting to end the tension of palm oil with India | India Business News

KUALA LUMPUR: Malaysian Prime Minister Mahathir Mohamad has rejected his criticism of India after he caused a boycott of Malaysian palm oil, his chosen successor, Anwar Ibrahim, said on Thursday urging New Delhi to notice the change of tone

India, the world’s largest buyer of edible oils, imposed restrictions on refined palm oil imports last month and informally asked merchants to stop buying from Malaysia, the world’s largest producer and exporter of commodities after Indonesia.

The sources said the measure was in retaliation for

Mahathir speaks against a new citizenship law
that critics say discriminates against Muslims. Mahathir has also angered India for his comments on Kashmir.

“We are too small to retaliate”: Malaysian Prime Minister in the palm oil boycott of India

Malaysia is a nation too small to respond to India’s boycott of palm oil with commercial reprisals, Prime Minister Mahathir Mohamad said Monday. “We are too small to take retaliatory measures. We have to find ways and means to overcome that,” Mahathir said. This month, India halted imports of palm oil from Malaysia following Mahathir’s comments on Kashmir and CAA.

Anwar, who hopes to succeed Mahathir, 94, later this year under an agreement with his former enemy, said the leader of Malaysia may have gone beyond diplomatic expressions of concern in his condemnation of the Indian government .

“Countries will not take strong objections when expressing concern, but, of course, in this regard Tun Mahathir has been quite hard and strong,” Anwar said in an interview, using an honorific for the prime minister.

“But since then in recent weeks, he has done everything possible to contain and try to make the necessary adjustments. I am sure that the leaders of India will realize the fact that Mahathir said it, but then he did it. Now refrained from repeating it in sayings or tone. ”

Anwar said that he and Mahathir had discussed the tension with New Delhi and that it was important to maintain good economic and trade relations with countries such as India and China without necessarily having to agree with each other’s policies.

Meanwhile, India’s arch nemesis, Pakistan, has pledged to buy more palm oil from Malaysia to help offset lost sales to India.

Pakistan may have bought around 135,000 tons of Malaysian palm oil last month, a record number of Indian-based dealers tracking such shipments told Reuters on condition of anonymity.

India’s imports of palm oil from Malaysia in January may have fallen 80% from the previous year to 40,400 tons, according to Refinitiv. India bought 4.4 million tons of palm oil from Malaysia last year, according to the Malaysian Palm Oil Council.

At a joint press conference with visiting Pakistani Prime Minister Imran Khan on Tuesday, Mahathir did not mention Kashmir. However, a joint statement issued by the Ministry of Foreign Affairs of Malaysia said that issues such as Kashmir should be resolved on the basis of United Nations resolutions, international human rights and humanitarian law.

That caused India’s objection, which has repeatedly rejected any third party participation in matters related to the federal territory of Jammu and Kashmir.

“India completely rejects the references made regarding Jammu and Kashmir, which is an integral and inalienable part of India,” the Foreign Ministry of India said Thursday.

“Once again, we ask the leaders of Malaysia to develop a better understanding of the facts …”

Anwar said he would have drawn up any criticism of India about Kashmir or the new citizenship law differently from Mahathir.

Times of India