Nageeb noted that there have been some positive signs of palm oil prices moving up due to the lower stock level in the world’s two largest producers - Indonesia and Malaysia.
KUALA LUMPUR: Given the strong bilateral trade relationship between Malaysia and India, the Malaysian Palm Oil Association (MPOA) hopes the South Asian country would continue to source its palm oil from Malaysia, said chief executive Datuk Nageeb Wahab.
He said both countries are mutually reliant on each other, and should India decide to go ahead with the decision to curb its Malaysian palm oil imports, it would have an adverse effect on the country too.
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