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Malaysia signs 2020 palm oil export deal for south Asia

Malaysia signed a pact on Thursday for exports of palm oil to south Asia next year, amid uncertainty over trade with India after its dealers last month urged a boycott of palm oil from the southeast Asian nation.

In October, India’s top vegetable oil trade body told members to stop buying palm oil from the world’s second largest producer and exporter of the commodity, after remarks by Malaysia’s prime minister on disputed Kashmir stirred anger.

Malaysia has signed a preliminary pact with Dubai-based Hakan Agro DMCC, which is confident of exporting more than 1 million tonnes of palm oil to its core South Asian market, Malaysian minister Teresa Kok said in a statement.

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