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 200 million ringgit ($49.20 million) in the first quarter, the company told Reuters. It bought around 88,000
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Malaysia will release official export data on Monday. Pakistan bought 1.1 million tonnes of palm oil from Malaysia last year, while India bought 4.4 million tonnes, according to the Malaysian Palm Oil Council. Malaysian palm oil futures rose on Tuesday after Khan's comments and on expectations of a steep drop in production in January.
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Malaysia said on Tuesday it would look to increase imports of crude sugar and buffalo meat from India, after reports that New Delhi was considering restricting imports of palm oil from Malaysia following the criticism of its actions in Kashmir. Malaysia is the world's second-largest producer and exporter of palm oil after Indonesia, and the edible oil contributed to 2.8 per cent of its gross
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MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India worth 200 million ringgit (US$49.20 million) in the first quarter, the company told Reuters. It bought around 88,000
