KUALA LUMPUR - 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 imports.
India, the world's largest edible oil buyer, this month effectively halted Malaysian palm oil imports apparently in retaliation to Malaysian Prime Minister Mahathir Mohamad's comments criticising New Delhi over its policy on Kashmir. Malaysia's exports to India were worth US$10.8 billion in the fiscal year that ended on March 31, while imports totalled US$6.4 billion.
MSM said it was expecting the arrival of three shipments of raw sugar from India between January and February.
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