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India's sugar exports to Malaysia in 2020 hit record amid trade spat

The record buying could also help India, the world's biggest producer of sugar, to cut stockpiles that are squeezing domestic prices

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Sugar exports

Reuters  |  MUMBAI 

India's exports of sugar to Malaysia so far in 2020 have nearly tripled over the figure for all of last year, as Kuala Lumpur steps up purchases to placate New Delhi in a trade dispute that halted its palm oil exports to India, trade officials said. The record buying could also help India, the world's biggest producer of sugar, to cut stockpiles that are squeezing domestic prices. India had been the biggest buyer of Malaysian palm oil for five years, but purchases ground to a halt after the January curbs, a retaliation for then prime minister Mahathir Mohamad's ...

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First Published: Wed, March 11 2020. 15:11 IST
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