The Malaysian Palm Oil Association - a group representing growers - is prioritising diplomatic efforts to woo India, chief executive Nageeb Wahab said.
KUALA LUMPUR/MUMBAI: The ousting of Malaysia's former prime minister Mahathir Mohamad, whose criticisms of India's policies in Kashmir damaged palm oil trade between the nations, has kindled hopes among Malaysian exporters for a rapid restoration of ties.
But political rhetoric alone will not restore full Malaysian palm oil flows to top market India any time soon, traders say: Palm prices within India are still too high relative to rival oils to encourage a sharp uptick in wholesale demand.
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