|16 January, 2020

Malaysia minister says won't cut palm export duty after India curbs

This after new import restrictions by top buyer India

KUALA LUMPUR - Malaysia will not cut its export duties on palm oil to try to make its supplies competitive with those of Indonesia, a minister told Reuters on Thursday, amid new import restrictions by top buyer India that benefits Indonesia.

Asked if Malaysia would buy more from Indonesia to address concerns over India's curbs, Primary Industries Minister Teresa Kok said: "All palm oil buyers want us to buy more products from their countries. We will always encourage our local companies to do so."

(Reporting by Mei Mei Chu; Editing by Alex Richardson) ((Krishna.Das@tr.com; +60 18661 7562, +60323338022; Reuters Messaging: Twitter: https://twitter.com/krishnadas56))

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