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February 26, 2020
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India news A worker collects palm oil fruits at a plantation in Bahau, Negeri Sembilan, Malaysia.HighlightsIndia restricted imports of refined palm oil from Malaysia
It also asked importers to avoid purchases from Malaysia
Malaysia had criticised India over J&K move, amended citizenship lawKUALA LUMPUR: Malaysia said on Tuesday that India’s move to cut back on palm oil purchases is “temporary” and will be resolved amicably between the two nations.Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of actions in Kashmir and a new citizenship law.”Having long-standing bilateral ties, the two nations will overcome the current challenges, and prevail towards mutual and beneficial outcomes,” the Malaysian Palm Oil Council said in a statement, citing Primary Industries Minister Teresa Kok.Malaysia’s push to implement B20 biodiesel starting this month will also help sustain high crude palm oil prices, the statement read.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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