Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

In retaliation for Jammu and Kashmir stand, traders shun palm oil from Malaysia.


Date: 24-10-2019
Subject: In retaliation for Jammu and Kashmir stand, traders shun palm oil from Malaysia
NEW DELHI: Indian traders have stopped importing palm oil from Malaysia in retaliation for the latter joining Pakistan’s criticism of the Centre’s decisions on Jammu and Kashmir, even as Malaysia has made overtures to resolve the issue.

“In your own interest as well as a mark of solidarity with our nation, we should avoid purchases from Malaysia for the time being. We trust you would heed our advice,” a statement issued by the Solvent Extractors’ Association (SEA), a body of vegetable oil industry and trade, said. Traders also said they were not entering into new contracts. 

“There is uncertainty among traders and as a precaution, we have told them not to go for new contracts till there is clarity,” B V Mehta, executive director of SEA, said, adding that the decision was in national interest. 

Government has no view on palm oil row: Piyush Goyal

Significantly, while the association said the initiative was prompted by traders’ sensitivity to the stand taken by the government which has made plain its annoyance with Malaysian PM Mahathir Mohamad’s criticism of the decision to end special status for J&K, commerce minister Piyush Goyal distanced the Modi regime from the move. “The government has no view... Maybe they (traders) did not like Malaysia’s stand (on Kashmir),” Goyal said. 

However, the Solvent Extractors’ Association (SEA) said, “Our government has not taken kindly to unprovoked pronouncements by the Malaysian PM and is contemplating some retaliatory action. It would be in the fitness of things if we avoid purchasing palm oil from Malaysia till such time clarity on the way forward emerges from the government.” 

Malaysian minister Teresa Kok’s statement asking SEA not to take “unilateral action” could be the first blink in the spat. A senior industry expert hinted that a Malaysian delegation is expected to land in Delhi “sooner than expected”. On Tuesday, Kok said, “I urge the Solvent Extractors’ Association not to take unilateral action and allow our respective governments to resolve the current situation.”

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 16-09-2021
Notification No.74/2021 - Customs (N.T.)
Exchange rates Notification No.74/2021-Cus (NT) dated 16.9.2021

Date: 16-09-2021
Notification No: 26/2015-2020
Last Date for Submitting applications for Scrip based FTP Schemes and validity period of Duty Credit Scrips

Date: 16-09-2021
Notification No. 27/2015-2020 – DGFT
Amendment of policy condition no.5 of Chapter 27 of ITC (HS), 2017, Schedule - I (Import Policy).

Date: 15-09-2021
Notification No. 73/2021-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-09-2021
Notification No. 50/2021-Customs (ADD)
Seeks to amend Notification No. 54/2017 -Customs(ADD) dated 17.11.2017 regarding levy of anti-dumping duty on Certain Rubber Chemicals to amend the name of exporter from "Solutia Europe SPRL/BVBA, Belgium” to “Solutia Europe BV”.

Date: 13-09-2021
NOTIFICATION No. 72/2021-Customs (N.T.)
Amendment in the Notification No. 61/94-Cus. (N.T.), dated 21-11-1994

Date: 13-09-2021
Notification No. 25/2015-2020 – DGFT
Clarification on last date of import in continuation of Notification No. 20/2015-20 dated 24.08.2021.

Date: 10-09-2021
Notification No. 42/2021-Customs
Seeks to amend the notification No. 50/ 2017 -Customs dated 30.06.2017 and notification No. dated 11/2021 dated 01.02.2021 in order to reduce and rationalise the import duties on Palm, Sunflower and Soya-bean oils

Date: 10-09-2021
Notification No. 43/2021- Customs
Seeks to rescind the notification No. 34/2021- Customs dated 29.06.2021.

Date: 10-09-2021
Instruction No.20/2021-Customs
Easing availability of containers for exporters



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001