Datuk Sheikh Awab Sheikh Abod
MSM Malaysia Holdings Bhd
, the country’s biggest sugar player, confirms that the decades old long-term contract (LTC) to import raw sugar would be abolished by year-end.
“The International Trade and Industry Ministry (Miti) has decided to discontinue the arrangement for LTC. There will be no more LTC starting next year as for now,” says MSM president and group chief executive officer Datuk Sheikh Awab Sheikh Abod (pic).
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