NSTnation Sources: Malaysia to buy more Indian sugar to resolve palm oil spat
MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India worth RM200 million in the first quarter, the company told Reuters. The company bought around 88,000 tonnes of raw sugar from India in 2019.
The company did not cite the palm oil dispute as a reason for the increase in purchases, but the two sources, who are familiar with discussions between the company and the government on the purchase, said it was a bid to appease India, which has been urging Malaysia to reduce the trade deficit between the countries.
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