Mumbai-based vegetable oils broker Sunvin Group has hailed Malaysia’s initiative to resolve the palm oil trade dispute with India by planning to send a delegation to the country soon.
Research head Anilkumar Bagani said the move would definitely help to ease tensions, but it would depend on the direction and plans proposed by the Malaysian officials.
“It would be worth watching what the Malaysian delegates come up with, and everything depends on the direction of the effort. If the move goes in the right direction, it will definitely help to ease the tensions. But it will take time to resolve the issue, ” he told Bernama when contacted.
Yesterday, newly-appointed Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said Malaysia would strengthen its ties with India, particularly to boost palm oil exports.
He also said a delegation would be sent to India as soon as possible to resolve the issue through negotiations.