• Sunday, June 7, 2020

Malaysia signs record rice import deal with India: Exporters

Discussion in 'Central & South Asia' started by IndoCarib, May 23, 2020.

  1. IndoCarib

    IndoCarib ELITE MEMBER

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    MUMBAI (REUTERS) - Malaysia has contracted to import a record 100,000 tonnes of rice from India for shipment this month and next, four industry officials told Reuters, in a further sign of improving trade relations between the countries after a diplomatic spat.

    The first such purchase this year is already nearly twice the average annual volume of rice Malaysia has imported from India in the last five years, as rival suppliers such as Myanmar, Vietnam and Cambodia placed temporary curbs on exports to save the grain for themselves during the coronavirus crisis.

    Malaysia's purchases would help trim rice stockpiles in India, the world's biggest exporter of the commodity.


    "After a long time, Malaysia is making substantial purchases from India," B.V. Krishna Rao, president of India's Rice Exporters Association, told Reuters.

    The country's imports from India could rise to 200,000 tonnes this year after the latest deals, Rao and officials from three other firms said.

    Malaysia's Ministry of Agriculture and Food Industry did not respond to a request for comment.

    India is now offering white rice for around US$390-US$400 (S$555-S$569) per tonne compared with more than US$450 for other countries, exporters said.

    "That is making buying lucrative from India," said Nitin Gupta, vice president of trading company Olam India's rice business.


    Malaysia bought around 53,000 tonnes per year on average from India in the past five years, according to data from the Indian commerce ministry. Total sales to Malaysia was a record 86,292 tonnes last year.

    Restrictions imposed on exports by Myanmar, Vietnam and Cambodia could have prompted Malaysia's state-linked rice importer Bernas to source supplies from India, said Himanshu Agarwal, executive director at Satyam Balajee, India's biggest rice exporter.

    Vietnam, the third-largest rice supplier, fully resumed exports this month, after halting sales from late March and limiting supply in April to make sure it has sufficient food during the pandemic.

    The rice deals come against the backdrop of a massive jump in recent imports by Malaysia of other commodities such as sugar from India, the biggest buyer of Malaysian palm oil.

    India early this year restricted imports of Malaysian palm oil as a retaliation for then Malaysian Prime Minister Mahathir Mohamad's repeated criticism of New Delhi's domestic policies affecting the country's Muslim minority.


    Mahathir resigned in February as his coalition collapsed, and since then the countries have worked to rebuild their ties.

    "Both economics and diplomacy have played out here," an Indian official with knowledge of Malaysia-India ties said on the condition of anonymity, referring to the recent uptick in deals.

    "And when this palm oil thing came in, things sort of fell in place for India," the official said, referring to how India's tightening of palm import restrictions led to Malaysia signing other deals with the South Asian country.

    Malaysia is the world's second-biggest producer and exporter of the vegetable oil after Indonesia, and India's restrictions had badly affected its sales.

    https://www.straitstimes.com/asia/s...-record-rice-import-deal-with-india-exporters
     
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  2. GHALIB

    GHALIB SENIOR MEMBER

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    very nice .
     
  3. IndoCarib

    IndoCarib ELITE MEMBER

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  4. Turingsage

    Turingsage BANNED

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    Mahathir shown the door after his motor mouth Kashmir cock-up. Good to see Malaysians respond so quickly to India's concern.
    Ah back to business and strengthening relations
     
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  5. T|/|T

    T|/|T SENIOR MEMBER

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    U think it was just a one person thing and since he is gone everything will be ok? Mahatir represented a mindset that is taking hold in Malaysia. They are emerging as one of muslim leader states and since india hates muslims and persecute them, things wont be as normal in future.
     
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  6. cloud4000

    cloud4000 SENIOR MEMBER

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    Are you talking about the ummah here? Please don't make me laugh at such nonsense. It's all about business. The Muslim world, including Malaysia, want to trade with India.
     
  7. Turingsage

    Turingsage BANNED

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    Our relations with Malaysia continue to strengthen. Our trade is worth $17 Billion. We have defence agreements and cooperation with Malaysia going back DECADES. Our Prime Ministers have exchanged visits many many times. Hundreds of Malaysian military personnel train in India.
    Mahathir is a doddering 90 year old senile has been whose time has come and gone. His last minute ramblings about Kashmir cost Malaysia billions and they learned the lesson quickly . They got rid of Mahthir and we now have a PM who is very very very keen to improve and deepen relations with India , as ALL previous PM's of Malaysia have desired .
    Mahathir was the exception and he is gone. IK could not even be bothered to go and visit Mahathir while he struck his neck out regarding Kashmir . Can you believe such traitorous behavior. Certainly Mahathir must be regretting the day he opened his mouth and tried to stand by IK, while IK knifed him in the back without a moments consideration
     
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  8. T|/|T

    T|/|T SENIOR MEMBER

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    Well u had good relations with nepal too. The thing is india cant hide its hindutva extremist ugly face anymore, it doesnt take long to get exposed. Just like in ME indians and their true nature is being exposed, soon in every muslim country ull see india being exposed. The reason is because u just cant hide ur true nature for long, and we have lived long enough together to know u guys too well.
    And what do u expect imran khan to indulge in their local politics? IK still praises him, he had balls and took the lead, the new one is just a "keep things going" guy, like most are. Doesn't mean the Malaysian people love india now.
     
  9. Turingsage

    Turingsage BANNED

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    Malaysia meeting was especially organised by Dr Mahathir to take a strong stance on issues affecting Muslim nations. IK was meant to be the chief guest of honour. IK just blanked Mahathir stone dead. The senile Mahathir ( 94 years old) felt the pain of being stabbed and immediately promised India there will be NO measures that Malaysia will take against India in retaliation for India banning Palm oil Imports. The poor guy was made to climb down from his high horse and IK was the leading fool who played a role in that

    Pakistans ISPR and press and PDF have been jumping up and down making a huge racket based on a few tweets. Pakistans ISPR generals beleive that these relations are based on some emotional ties that can be ruptured my making a hue and cry in the media . They are as usual stupidly wrong or wrongly stupid. These relations have not been affected at all.
    Kuwait govt does not support interference in India’s affairs: MEA
    “The Government of Kuwait has assured us that they are deeply committed to friendly relations with India. They also do not support any interference in the internal affairs of India,” the MEA spokesperson said.
    • Written by Shubhajit Roy | New Delhi | Published: April 28, 2020 2:15:12 am
    [​IMG]

    External Affairs Minister S Jaishankar. (File Photo)External Affairs Minister S Jaishankar. (File Photo)
    A day after a minister from Kuwait tweeted a statement by its cabinet condemning alleged ethnic attacks against Muslims in India, New Delhi on Monday said it has “seen certain references” to India in “non-official social media handles” from the Middle Eastern nation and that the Kuwait government has assured that they “do not support any interference in the internal affairs of India”.
    “The Government of Kuwait has assured us that they are deeply committed to friendly relations with India. They also do not support any interference in the internal affairs of India,” the MEA spokesperson said.

    He was referring to a statement by Kuwait’s envoy, Jassem Al-Najem, in New Delhi Monday highlighting the principle of non-interference, as enshrined in the United Nations Charter. “Kuwait and India share many principles in their foreign policies, like respecting U.N. Charter, non-interference in other countries’ affairs and respecting sovereignty of nations,” the official news agency of Kuwait said, quoting Ambassador Jassem Al-Najem.

    To underline “friendly” ties with Kuwait, Srivastava also said on Monday that on the request of Kuwait, India had recently deployed a Rapid Response Team there to assist the country in its fight against coronavirus. During its two-week stay in Kuwait, the team rendered valuable medical assistance in testing and treatment of afflicted persons and training their personnel, he said.
    Indian Express

    Kuwait Joins Growing List of Gulf Nations ToReject Anti-India Propaganda

    WORLD April 28, 2020 ByEurAsian
    Kuwait has joined the growing list of Gulf nations who have not only rejected attempts to spoil ties with India through ‘foreign-sponsored’social media handles and posts but have also reassured their sincere commitment towards friendship with New Delhi, reports ET.RAW, ISI Take India-Pakistan Rivalry,Proxy War To Next Level?Kuwait has joined Oman, Saudi Arabia and Qatar who all have rejected attempts to spoil ties with India after various fraudulent social mediahandles sponsored by ‘foreign entities’ tried to sow discord between NewDelhi and Gulf nations.The Kuwait Government’s response came in the backdrop of numeroussocial media handles that later turned out fake had accused India ofdemonizing Muslims during COVID-19 pandemic.The Kuwaiti government’s response has won praises from New Delhi. Inresponse to media queries, the of

    https://eurasiantimes.com/kuwait-joins-growing-list-of-gulf-nations-to-reject-anti-india-propaganda/


    NOTE CAREFULLY HOW THESE MUSLIM NATIONS HAVE RECOGNISED THE FALSE MEDIA HANDLES CREATED BY CERTAIN ENTITIES TO DELIBERATELY SOUR INDIAN GULF RELATIONS

    We know who does that dont we ???



    Hindutva is a passing fad in the great scheme of things. For decades Pakistan used to complain to the west and Arab states about Indians being commies and commy sympathisers. They used to extract monies from the west and the Arabs on that basis now they use this "hindutva".
    State relations are based on common interests and these will ALWAYS trump any propaganda based in Ummah theatrics.
     
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  10. T|/|T

    T|/|T SENIOR MEMBER

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    You must be a high grade moron to think that meeting was arranged for Pakistan or kashmir. The main backers were Turkey and iran. Pakistan did not participate because of OIC. If u think not attending that meeting somehow backstabbed mahatir then ur stupider than ur PM. Even Turkey was in that meeting and is against arabs and still a staunch ally of Pakistan. Relations between countries are not simple but rats from india in muslim countries abusing muslims and Islam does affect it. See how post 911 with indian efforts Pakistan was given a bad name in the world and how it affected everything Pakistan did, so u must be a moron to think actions of ugly hindutva rats wont affect ur relations. Even the political speeches ur dumb and illiterate BJP leaders make are heard n seen.
    Werwnt u alloes of soviet commies? But Pakistan never complained abt that to anyone, infact we were more worried abt commoes in Afghanistan and we wiped them out. U think arabs or otjers are fools to just give away money? By that logic india is the most stupid nation to give away billions in Afghanistan and in the end taliban will take over. The thing is u indians think the world revolves around u but it doesnt, u think ur ugly existence is of any importance but its not. We do not behave like a rabid dog or immature kid like india does, our staunch ally saudi arabia has relations with india and we dnt even care, similarly china has huge business relationship with india and even offered to be part of BRI, did we mind? Then why would we mind malaysia having ties with india? Its indians who acts stupid and dumb. And with ur stupid behavior ur lossing allies instead of gaining them.