A restart to buying by India, the world's biggest edible oil importer, could further support Malaysian palm oil prices, which have edged up from 10-month lows in recent days
The suspension could reduce India's palm oil imports in the next few months and pressure Malaysian palm oil futures, but could lift shipments of soyoil and sunflower oil
India, the world's largest importer of vegetable oils, buys nearly 15 million tonne annually
The contract marked its third session of losses on Thursday
Malaysian supplies of palm oil to India have slowed to a trickle since Delhi adopted a hardline stance after Mahathir criticised actions in Kashmir in September
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed up 32 ringgit, or 1.23%, at a settlement price of 2,622 ringgit ($626.25)
Malaysia's latest palm export data revealed the impact of India's restrictions, with shipments to India in January falling 85% from a year earlier to 46,876 tonnes, the lowest since 2011
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Last year Pakistan bought 1.1 million tonnes of palm oil from Malaysia, the world's second biggest producer and exporter of the edible oil
Curbs on Malaysian palm oil import present a good opportunity
As Malaysian palm refiners stare at a massive loss of business, Mahathir said his government would find a solution
There was a discussion for a two-way deal under which India will give priority to import palm oil from Indonesia against which the latter was offering to buy raw sugar from here
This comes after Malaysia's Prime Minister criticised India's actions in Kashmir and its new citizenship law
The Indian Ministry of Commerce and Industry issued a notification on Wednesday declaring that the import of refined palm oil is amended from 'Free' to 'Restricted'
The move comes against the backdrop of remarks by Malaysia on the new citizenship law and Kashmir issue
Malaysian palm oil is available at a $5 discount amid congestion at Indonesian ports
The first decline in three months of growing purchases by India, the world's biggest importer, may boost inventories in top producers Indonesia and Malaysia
Such a move by India could reduce refined palm shipments from top producers Indonesia and Malaysia
The two commodity heavyweights have set a target to double trade to $50 billion in 2025
Malaysia is the world's second largest producer and exporter of palm oil after Indonesia, and the edible oil contributed to 2.8% of its gross domestic product last year