SEAI President Atul Chaturvedi said in a statement carrying a note to its members: "It would be in fitness of things, as responsible Indian vegetable oil industry, we avoid purchasing of palm oil from Malaysia till such time clarity on the way forward emerges from the Indian government."
NEW DELHI: India's top vegetable oil trade body on Monday asked its members to stop buying palm oil from Malaysia, an unprecedented call aimed at helping New Delhi punish the country for criticising India over its policy towards Kashmir.
The directive by the Solvent Extractors’ Association of India (SEAI) shows how nationalist sentiments can affect international business, and is a big blow to Malaysia, the world's second largest producer and exporter of palm oil after Indonesia.
Limited time offer:
Just RM5 per month.
