Malaysia requests India to ease export curbs on some farm goods

Published 2024년 7월 18일

Tridge summary

Malaysia is seeking for India to relax export restrictions on certain agricultural products such as rice and sugar. India, a major supplier of these goods to Malaysia, had imposed export limitations in 2023 to control local prices ahead of its general elections. This move has negatively impacted Malaysia, says Malaysia's minister for plantation and commodities, Datuk Seri Johari Abdul Ghani. India might adjust the pricing and taxation of its rice exports.

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Original content

NEW DELHI (July 18): Malaysia has requested India to ease export curbs on some farm goods like rice and sugar, Malaysia's minister for plantation and commodities said on Thursday. India, the world's biggest exporter of rice and onions and the second biggest exporter of sugar, imposed curbs on the exports of these commodities in 2023 to keep local prices in check ahead of the general elections held in April-May. India's abrupt export curbs on farm goods are bad for Malaysia, Datuk Seri Johari Abdul Ghani said on the sidelines of an industry conference in New Delhi. "If India opens up, it will be good for Malaysia," he said. India was a leading source of sugar, rice, and onions for Malaysia, which itself is the second-largest exporter of palm oil to India, after Indonesia. New Delhi is likely to cut the floor price for basmati rice exports and ...

Source: Theedgemarkets