The renewed purchases come amid improving trade relations between the two countries after the formation of a new government in Kuala Lumpur MUMBAI/SINGAPORE: Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said.
The renewed purchases come amid improving trade relations between the two countries after the formation of a new government in Kuala Lumpur, with Malaysia signing a deal last week to buy a record 100,000 tonnes of Indian rice.
Leading Indian importers last week contracted up to 200,000 tonnes of crude palm oil (CPO) from Malaysia, the world's No.2 producer after Indonesia, to be