Malaysia to buy more sugar from India to help resolve palm oil spat-May 2024-www.financetom.com

Malaysia to buy more sugar from India to help resolve palm oil spat

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Malaysia to buy more sugar from India to help resolve palm oil spat

Jan 23, 2020 12:20 AM

Malaysia's top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil.

Share Market Live

NSE

MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India 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.

India, the world's largest edible oil buyer, this month halted Malaysian palm oil imports in a move seen as retaliation to Malaysian prime minister's comments criticizing New Delhi over its policy on Kashmir.

First Published:Jan 23, 2020 9:20 AM IST

Previous page： Federal Reserve Watch for Sept. 20: Waller Says Inflation Slowing Faster Than Expected Next page： Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Federal Reserve Watch for Sept. 20: Waller Says Inflation Slowing Faster Than Expected

Sep 22, 2024

02:55 PM EDT, 09/20/2024 (MT Newswires) -- Federal Reserve Governor Christopher Waller (voter) said in an interview with CNBC that inflation is slowing faster than expected, leading him to vote for the 50-basis-point rate cut that the rate-setting committee announced at the Sept. 17-18 meeting, and that the Fed is not behind the curve on reducing rates. Fed Governor Michelle...

Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate

Sep 22, 2024

Altcoins were the better performer after the Fed's decision to lower rates on Wednesday.Cryptocurrencies excluding ether and bitcoin have risen 5.7% since the decision was announced while bitcoin is up 4.4%.Experts say this divergence isn't unusual, given altcoin's poorer liquidity and higher beta.Bitcoin {{BTC}} may have outperformed stocks in the aftermath of the Federal Reserve’s decision to lower interest rates...

Exclusive-Harris to release new economic proposals this week on US wealth creation, sources say

Sep 22, 2024

WASHINGTON (Reuters) - U.S. Vice President Kamala Harris plans to roll out a new set of economic policies this week that aim to help Americans build wealth and set economic incentives for businesses to aid that goal, three sources with knowledge of the matter said. The new policies, which have not been previously reported and could be announced in Pittsburgh...

Federal Reserve's Bold Rate Cut, Retail Sales Rise And More: This Week In Economics

Sep 22, 2024

The past week was a rollercoaster ride for the financial world, with the Federal Reserve making a bold move, retail sales showing unexpected resilience, and prominent voices sharing their views on the economy. Here’s a quick recap of the top stories that made headlines. Federal Reserve Slashes Interest Rates In a surprising move, the Federal Reserve cut interest rates by...