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India and Malaysia
April 25 , 2020
1727 days
1101
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- Recently India added Malaysia into the list of Hydroxychloroquine Drug exporting countries.
- India is the world’s biggest palm oil buyer and a major market for Malaysia,
- Malaysia is the second-largest producer of Palm oil in the World after Indonesia.
- India buys more than 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.
- Thus India is the largest imported of the Palm Oil and The vegetable oil in the World.
- The share of palm oil is more than 60 per cent of the country's total vegetable oil imports.
Backdrop
- In March, the new Prime Minister Muhyiddin Yassin took over the charge at Malaysia.
- Earlier in February, Mahathir Mohamad resigned the post of PM in Malaysia.
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