MUMBAI: Malaysia is set to replace Indonesia as the top palm oil supplier to India in 2019 as New Delhi has been charging lower import tax on refined palm oil shipments from Malaysia, giving Kuala Lumpur an edge over Jakarta, trade officials said.
The rise in refined palm oil shipments will help refiners in Malaysia and bring down inventories of tropical oil in the world's second bigger producer, but squeeze Indian refiners that traditionally import crude palm oil. India is the world's biggest importer of palm oil.