KUALA LUMPUR: MSM Malaysia Holdings Bhd (MSM) has purchased 130,000 tonnes of raw sugar worth nearly RM200mil from India which is its requirement for the first quarter of 2020. Group CEO Datuk Khairil Anuar Aziz said over 900,000 tonnes of raw sugar have been imported in 2019 from various top producing countries which include India. “We will continue to import raw sugar from top producing countries such as India, Brazil, Thailand and others whilst ensuring the raw sugar cost consistency in the benchmark of NY#11 and deliberately select our raw sugar suppliers to ensure minimal compromise in quality for our end product, ” he said. India’s raw sugar production was reported to be slower for FY19/20 due to drier weather. Khairil Anuar said India provides added-value and advantages for MSM to ensure a sustainable supply of best quality raw sugar stock for all of its refineries and facilitating efficient raw sugar procurement as part of cost-savings and operational improvement strategies.

Source: The Star January 23, 2020 03:45 UTC