Commodities & Energy

Reuters exclusively reports Malaysia to buy more Indian sugar to resolve palm oil spat

Reuters exclusively reports Malaysia to buy more Indian sugar to resolve palm oil spat

Reuters exclusively reported that Malaysia’s top sugar refiner said it will increase purchases of the commodity from India, part of efforts to placate New Delhi amid an ongoing spat over palm oil imports. MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India worth 200 million ringgit ($49.20 million) in the first quarter, the company told Reuters. It bought around 88,000 tonnes of raw sugar from India in 2019.