mandi bhav of india

- Advertisement -

Malaysia imports 130,000 tons of sugar from India

Malaysia has agreed to import 130,000 tons of raw sugar from India for $49 million, despite an ongoing row over palm oil trade between the two countries.

The amount is a leap from last year’s raw sugar imports from India of 88,000 tons. Malaysia’s sugar producer MSM Malaysia Holdings Berhad (MSM) said it has procured the first quarter of its raw sugar requirement from India for 2020, and is expecting the arrival of three more shipments between January and February.

MSM is the leading sugar refiner in Asia, with annual production capacity of up to 2.25 million tons of refined sugar.