India asks refiners to stop buying Malaysian palm oil after political row – sources

MUMBAI/NEW DELHI (Reuters) – India has informally asked palm oil refiners and traders to avoid buying Malaysian palm oil, government and industry sources said on Tuesday, following Malaysian criticism of India’s actions in the Kashmir region and its new citizenship law. India is the world’s biggest buyer of the oil and palm oil inventories could spike in Malaysia, putting prices under pressure if Indian refiners reduce purchases from the country. Malaysian prices are the global benchmark for palm oil prices.