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Which of the following is world's second largest producer of palm oil after Indonesia?
- a)India
- b)Malaysia
- c)Singapore
- d)China
Correct answer is option 'B'. Can you explain this answer?
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Which of the following is world's second largest producer of palm oil...
Key-Points Additionally, Malaysia has also signed a deal to buy 100,000 tonnes of Indian rice.
- Malaysia is the world's second-largest producer of palm oil after Indonesia.
- Hence option 2 is correct.
- Malaysia's palm oil inventory production has surged and coronavirus lockdowns led to a slump in demand.
- Thus, Malaysian palm oil is available at a discount price compared to supplies from Indonesia.
- On the other hand, Indonesia has also raised its palm oil export levy.
Additional Information India-Malaysia Relation Bilateral trade between India and Malaysia is significantly biased in favour of Malaysia. Defence & Security Cooperation: Traditional medicine:
- India's Palm Oil import:
- India is the world’s biggest buyer of edible oils.
- India buys more than two-thirds of its total edible oil imports as palm oil.
- India established diplomatic relations with Malaysia in 1957.
- Economic Relation:
- India and Malaysia have signed the Comprehensive Economic Cooperation Agreement (CECA).
- CECA is a kind of Free Trade Agreement (FTA).
- India has also signed the Free Trade Agreement (FTA) in services and investments with the 10-member Association of Southeast Asian Nations (ASEAN).
- Malaysia is the third-largest trading partner in ASEAN.
- Joint military exercises “Harimau Shakti” are held annually between the two countries.
- India and Malaysia have signed an MoU on cooperation in the field of Traditional Medicine in October 2010.
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Which of the following is world's second largest producer of palm oil after Indonesia?a)Indiab)Malaysiac)Singapored)ChinaCorrect answer is option 'B'. Can you explain this answer?
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Which of the following is world's second largest producer of palm oil after Indonesia?a)Indiab)Malaysiac)Singapored)ChinaCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following is world's second largest producer of palm oil after Indonesia?a)Indiab)Malaysiac)Singapored)ChinaCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is world's second largest producer of palm oil after Indonesia?a)Indiab)Malaysiac)Singapored)ChinaCorrect answer is option 'B'. Can you explain this answer?.
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