Indonesia to increase imports from India amid New Delhi-Malaysia spat: Report
Jan 29,2020Indonesia has agreed to immediately increase imports of Indian buffalo meat, sugar and auto parts after India boosted purchases of Indonesian palm oil amid a spat with rival supplier Malaysia, two Indian government sources with direct knowledge of the matter told Reuters on Friday.
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Sugar buyers nervous as Indian export surge fails to materialise.
Jan 29,2020Global sugar buyers are growing increasingly nervous as a much touted surge of Indian sugar exports has failed to materialise, with some mills reluctant to sell even as global prices trade near 2-1/2-year highs. India’s government, hoping to rid the country of its vast surplus stocks, last year approved a sugar export subsidy of 10,448 rupees ($145.58) a tonne for the 2019/20 season, looking to encourage some 6 million tonnes of exports.
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