Malaysia signs record rice deal with India

Import pact signals improving ties between two countries since Mahathir's exit.

Malaysia has agreed to import a record 100,000 tonnes of rice from India for shipment this month and next, 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 domestic use during the coronavirus crisis.

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

In full: https://www.bangkokpost.com/business/1918836/malaysia-signs-record-rice-deal-with-india

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