A restart to buying by India, the world's biggest edible oil importer, could further support Malaysian palm oil prices, which have edged up from 10-month lows in recent days
The suspension could reduce India's palm oil imports in the next few months and pressure Malaysian palm oil futures, but could lift shipments of soyoil and sunflower oil
India, the world's largest importer of vegetable oils, buys nearly 15 million tonne annually
For the week ahead, the palm oil prices are expected to head towards Rs 680 per 10 kg
Malaysia's latest palm export data revealed the impact of India's restrictions, with shipments to India in January falling 85% from a year earlier to 46,876 tonnes, the lowest since 2011
Last year Pakistan bought 1.1 million tonnes of palm oil from Malaysia, the world's second biggest producer and exporter of the edible oil
Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of India's actions in Kashmir and a new citizenship law
The hike in import duty on palm oil could prompt buyers to increase purchases of rival edible oils such as soya oil and sunflower oil, traders said
Lower imports by India, the world's biggest palm oil importer, could weigh on Malaysian prices that have corrected nearly a tenth after hitting a three-year peak earlier this month
The trade ministers of India and Indonesia, which want to more than double their bilateral trade to $50 billion by 2025, met in Davos on Thursday and agreed to fast-forward trade
India, the world's largest edible oil buyer, this month effectively halted Malaysian palm oil imports apparently in retaliation to Malaysian PM Mahathir Mohamad's comments on Kashmir
Malaysian Prime Minister Mahathir Mohamad has criticised India's new religion-based citizenship law.
India is Malaysia's top buyer of palm oil and that country's efforts to push exports have been the cause of tension for the Indian edible oil refining industry
In a typical year, India relies on imports for almost all of its supply of the vegoil used in everything from soap to cookies
From drug price ceiling to additional duties on steel imports and export ban to counter onion shortage - govt response to several problems shows the lessons may not have been learnt, writes T N Ninan
Curbs on Malaysian palm oil import present a good opportunity
There was a discussion for a two-way deal under which India will give priority to import palm oil from Indonesia against which the latter was offering to buy raw sugar from here
Last week government had put plam oil imports from Malaysia under restricted category following criticism by the country's Prime Minister Mahathir Mohamad
India, the world's biggest buyer of edible oils, last week changed rules that traders say effectively ban imports of refined palm oil from Malaysia
This comes after Malaysia's Prime Minister criticised India's actions in Kashmir and its new citizenship law