India resumes purchases of Malaysian palm oil as relations improve: Report

Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said.

The renewed purchases come amid improving trade relations between the two countries after the formation of a new government in Kuala Lumpur, with Malaysia signing a deal last week to buy a record 100,000 tonnes of Indian rice. Leading Indian importers last week contracted up to 200,000 tonnes of crude palm oil from Malaysia, the.....

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