‘We’re Too Small to Take Retaliatory Action’: Malaysian PM on India’s Palm Oil Boycott

[Type59]

Malaysia government will do an informal Boycott. Non bariffs can be raised and giving contracts to non indian companies for Malaysia state funded projects. Rss can claim victory, which they seem to do everytime. Unemployment is growing in India.

 

[Kaniska]

There is no political or economic measures put on Turkey and China. None. Your article is just an opinion piece. A dime a dozen.


RCEP is regional trading bloc, not bilateral between India and China. India pulled out precisely because she is afraid of the big boys, Japan, Korea, China, Australia and NZ, whom you can't compete against economically. See, India only pick on the small and weak, but avoid the big boys.

India cancelled $2 Billion usd shipbuilding contract with Turkey...In that way, impact of Palm Oil ban on Malaysia is minimal...Again Mahathir’s priority is to be leader of Muslim world..This is very small price that he can easily afford for his people..

 

[Turingsage]

They have done the opposite, by making Malaysia Visa free for India passport holders for a 15 day stay.

Malaysia still requires Pakistani to have visas to travel to Malaysia.

That's hilarious . You will send the keyboard warriors into a frenzy by pointing out the idiocy of Indians now not requiring a visa anymore and demanding visa's from their closest friend Pakistan. Mahathir you genius .

 

[Kaniska]

Malaysia fully understands why Pakistan could not go to the summit.
Stop making it look like the Muslims are not coming together.

BD was the first Muslim country to show solidarity with Malaysia. Goes to show how you have zero leverage with BD - want to start a trade war with BD when you have an over 7 billion US dollar trade surplus with us?

India needs to understand that Malaysia will be backed by many Muslim countries in trade war.

Seriously guys!!! Why on the earth BD always try to ride on someone’s issue and try to feel yourself so important enough in global politics??? First of all your cricket team is such a coward that you do not have guts to play your mulsim brotherly country like Pakistan...So what kind of solidarity are you preaching to me???Your so called elected gov alligns with our right wing hindu gov without any hesitation...And for heaven’s sake do not give your
Silly excuse that your people mind is different than your govt one...

 

[Turingsage]

BD was the first Muslim country to show solidarity with Malaysia. Goes to show how you have zero leverage with BD - want to start a trade war with BD when you have an over 7 billion US dollar trade surplus with us?

So BD went to this solidarity meeting in Malaysia. Please confirm, otherwise its all hot air

Really as BD already asking Malaysia to offer former Indian bound Palm oil to BD instead.

Thats plain stupid. If you plan to buy it then buy it but passing wind like asking to offer is ridiculous. I dont go to a shop and ASK the proprietor to sell me some rice meant for India but sell it to me instead. There is no instead. You want it , you buy it. No Rona Dhona for cheap publicity

Same AL Minister who slapped India in the face by inviting Malaysia to sell Palm oil to BD after Indian boycott.

What is the Slap ???????? The oil is there to be bought. If you intend to buy it then buy it. You dont need an invitation , just as I dont need an INVITATION to buy my groceries

 

[BringHarmony]

Nope as India MUST pay more to get supply from Indonesia now as they are the only one that can supply them.

Malaysia will just send their palm oil to BD and other countries - they will just buy less from Indonesia and buy from Malaysia instead. End of the day neither Malaysia or Indonesia lose.

Anyway you have common cause with India as they and China are being targeted by Malaysia for persecuting Muslims?

So Malaysia and Turkey have already started with Kashmir issue.

Cannot wait to see others follow their lead. Indians will be made to account for their occupation and crimes in Kashmir.

Lemme ask you one thing, how do you think commodity prices are determined? And do you think a supplier knows that it is selling a commodity to a particular country? A lot of manufacturer or producers sell their product way before its ready. The "rights" to commodity are then freely traded. Indonesia suppliers cann't do much but to fulfill the order for which they have already sold the rights. Look for commodity futures.

You forgot that growth in BD and some other countries is running at 10% a year.

400 billion US dollar Malaysian economy will not suffer much if it sells a couple of million tonnes or less of Palm oil a year.

In 2018 Malaysia earnt 16.2 billion U.S. dollars by selling Palm oil and Palm oil products. India accounts for roughly 20% and so that is 3 billion US dollars - loss of say 1.5 billion US dollars in worse case is nothing to Malaysia as it adds 20 billion US dollars to it's GDP every year anyway.

This is a massive own goal by India which will only hurt the Indian consumer with higher prices.


PS - You are overestimating EU Palm oil consumption as that is 4 million tonnes in total - just twice what BD consumes and without the 10% a year growth. Malaysia and Indonesia Palm oil exports to EU is just 2 million tonnes which is same as what BD imports!

You want to see how skewed palm oil market is ?

https://www.indexmundi.com/agriculture/?commodity=palm-oil&graph=imports

It is this skewed.

A couple of million tonnes are not going to do any thing when india is importing 10,000 million tonnes.

PS - You are overestimating EU Palm oil consumption as that is 4 million tonnes in total - just twice what BD consumes and without the 10% a year growth. Malaysia and Indonesia Palm oil exports to EU is just 2 million tonnes which is same as what BD imports!

Sources dear?

 

[GHALIB]

They have done the opposite, by making Malaysia Visa free for India passport holders for a 15 day stay.

Malaysia still requires Pakistani to have visas to travel to Malaysia.

it looks indian diplomats are working effectively .

 

[Minho]

Lemme ask you one thing, how do you think commodity prices are determined? And do you think a supplier knows that it is selling a commodity to a particular country? A lot of manufacturer or producers sell their product way before its ready. The "rights" to commodity are then freely traded. Indonesia suppliers cann't do much but to fulfill the order for which they have already sold the rights. Look for commodity futures.


You want to see how skewed palm oil market is ?

https://www.indexmundi.com/agriculture/?commodity=palm-oil&graph=imports

View attachment 601120

It is this skewed.

A couple of million tonnes are simply not possible for Bangladesh. Their entire import is just 1.7 million tonnes.

Even if Pakistan or Bangladesh did increase oil imports, the oil would simply rot in its containers since there is no demand for that surplus oil.

Going back to Pakistan, its funny that some Pakistani members seriously think Pakistan should unnecessarily increase palm oil exports in response to India's move, since that would further increase Pakistan's current account deficit at a time when Pakistan is facing an unprecedented balance of payment crisis.

There is a reason countries don't just import for the sake of importing.

 

[BringHarmony]

The same goes for Turkey. We take a lot of heat because of our conviction based stance on Palestine and Cyprus (from time to time).

You forgot Uighur. Turkish folks are EXTREMELY sentimental about them. You can ask Turkish folks on this forum. Pakistan's silence on them does not goes well with Turkish folks.

There is a high chance that GCC will start delivering anti India rhetorics at some stage. The political landscapes in GCC will not remain the same forever. Will India then stop importing Petroleum from GCC ? Unlikely. Interesting things are waiting for us in the future.

There is difference in lip service and voting.

A massive cock-up by Modi as he has lost all bargaining power in the international Palm oil market.

There is no need of bargaining something that is worth just USD 5.5 billion.

Malaysia needs to suspend visa applications from Indians and students or rapidly increase charges. That will stop the swarm of emigrants that the country produces.

It will just block tourists.

Malaysia will definitely devise a strategy soon. In the coming years, Indians will find it extremely hard to get employment in Malaysia. Also, some of the Indian exports could get a hit. It is an opportunity for Pakistan, Sri Lanka and Bangladesh to plan replacing Indian products in the near future.

You are forgetting Indians themselves are third largest group in Malaysia and account for 7% of population. Highly doubt they can upset a big group of people.

If the price does indeed increase, the quantity demanded will just decrease. Basic microeconomics. Plus its not like there are no substitutes to palm oil.

Palm oil usage is decreasing world wide. So don't worry, its a commodity that will see its price fall. That said, it can be used to generate power, more research is needed.

Really as BD already asking Malaysia to offer former Indian bound Palm oil to BD instead.
BD has decent demand of 2 million tonnes a year growing at 8-10%.
Pakistan did not go as they are in debt - once this is sorted they will be one of the core countries of this new Muslim bloc since they are located strategically and are militarily strong.
Turkey and Malaysia have started against India. More Muslim countries will follow and you know how much passion that BD’shis have for their Muslim brothers and sisters in Kashmir.

You do realize that India buys 10,000 units (one unit is 1000 Megatonnes of palm oil). In comparison Bangladesh buys just 1700 units.

Once the core group of Muslim countries like Turkey, Iran, Malaysia, Indonesia and BD

Leave Iran and Indonesia out of this group. One is benefiting from the loss of Malaysia and another is looking at India to invest in her infrastructure and buy her crude oil. And Malaysia too, its just one person who is pro Pakistan.

Look like China will have to pick it up.

Yup China can indeed pick up the burden, Its just some small 2-3 billion dollars (no sarcasm intended please).

 

[GHALIB]

You forgot Uighur. Turkish folks are EXTREMELY sentimental about them. You can ask Turkish folks on this forum. Pakistan's silence on them does not goes well with Turkish folks.


There is difference in lip service and voting.


There is no need of bargaining something that is worth just USD 5.5 billion.


It will just block tourists.


You are forgetting Indians themselves are third largest group in Malaysia and account for 7% of population. Highly doubt they can upset a big group of people.


Palm oil usage is decreasing world wide. So don't worry, its a commodity that will see its price fall. That said, it can be used to generate power, more research is needed.


You do realize that India buys 10,000 units (one unit is 1000 Megatonnes of palm oil). In comparison Bangladesh buys just 1700 units.


Leave Iran and Indonesia out of this group. One is benefiting from the loss of Malaysia and another is looking at India to invest in her infrastructure and buy her crude oil. And Malaysia too, its just one person who is pro Pakistan.


Yup China can indeed pick up the burden, Its just some small 2-3 billion dollars (no sarcasm intended please).

very well said .

 

[BringHarmony]

Same AL Minister who slapped India in the face by inviting Malaysia to sell Palm oil to BD after Indian boycott.

Its a lip service. BD does not have enough demand to consume.

but Muslim sovereignty in sub-continent.

No, its just Pakistan India affair. Just see how many south Asian countries ( a hell lot of them are Muslim dominated) commented on it.

Again Mahathir’s priority is to be leader of Muslim world

That position is controlled by who controls Saudi Arabia.

Coconut oil is much better

Rleax guys, you all can buy Canola oil from Canada. After Trumps threats, we will also need diversity in our buyers. We have massive amount of Canola production capacity.

 

[nautilaceae]

If the three countries, Malaysia was the most outspoken about Kashmir. What did you expect India to do? Stay quiet? It simply showed its displeasure by stopping palm oil imports. Nothing more.

Nothing said about China because India knows that it’s always in Pakistan’s corner about Pakistan.

But in essence, the world operates the same way as the jungle: strong prey on the weak.

Chinese ministry made official statement, also called for UNSC meeting. Then Turkey. Malaysia spoke the least, also carried the least weight since we are small. Any big power would take proportional actions. Instead India only bullied the small.

The world in 21th century isn't a jungle like in 19th century. Even in jungle, lion doesn't even hunt squirrel, too small for them. Says a lot about India's standing in world stage.

India cancelled $2 Billion usd shipbuilding contract with Turkey...In that way, impact of Palm Oil ban on Malaysia is minimal...Again Mahathir’s priority is to be leader of Muslim world..This is very small price that he can easily afford for his people..

Just news report, nothing concrete. And what about action against China?
Malaysia is too small to be leader, Mahathir is just an outspoken person. He reiterated he'll continue to speak up despite India's ban.

 

[UKBengali]

Thats plain stupid. If you plan to buy it then buy it but passing wind like asking to offer is ridiculous. I dont go to a shop and ASK the proprietor to sell me some rice meant for India but sell it to me instead. There is no instead. You want it , you buy it. No Rona Dhona for cheap publicity


What is the Slap ???????? The oil is there to be bought. If you intend to buy it then buy it. You dont need an invitation , just as I dont need an INVITATION to buy my groceries

Buying Palm Oil from another country is not like picking up apples at a grocery store dude.

Buyer(BD) has indicated interest and Malaysia will respond with offer. That is the way that international trade works.

Loving the fact that BD got this opportunity to slap India down over the lies of so-called "illegal BD'shis" and showing solidarity with Kashmiris and Malaysians at the same time.

 

[SrNair]

He should deport some Indians.

Then we will initiate the second stage .
Old man now knows how it will end for him.
So he backed off

Big deal - BD has already started discussing taking some of the lost exports itself.
Other countries are likely to do the same.

Indians are paying a premium for Indonesian Palm oil now.

You know what will happen if a Rat try to roar like a Lion.
India is one of the world largest economy .

India, the world's largest edible oil buyer, this month halted Malaysian palm oil imports after its PM Mahathir Mohamad's comments criticising New Delhi over its policy on Kashmir.
Reuters

Updated:January 20, 2020, 9:38 AM IST

File photo of Malaysian Prime Minister Mahathir Mohamad. (Reuters photo)

Langkawi: Malaysia is too small of a nation to respond to India's boycott of palm oil with trade retaliation, Prime Minister Mahathir Mohamad said on Monday.

"We are too small to take retaliatory action. We have to find ways and means to overcome that," Mahathir told reporters in Langkawi, a resort island off the western coast of Malaysia.




India, the world's largest edible oil buyer, this month halted Malaysian palm oil imports after Mahathir's comments criticising New Delhi over its policy on Kashmir.
https://www.news18.com/news/india/w...pm-after-indias-palm-oil-boycott-2464633.html

Lesson 101 in diolomacy .
Donot interfere or pass comments about others internal matters

 

[UKBengali]

You know what will happen if a Rat try to roar like a Lion.
India is one of the world largest economy.

And so?

India has a 7 US billion dollar trade surplus with BD.

Want to sanction BD?