MSM to expand export market amid global sugar market deficit

KUALA LUMPUR: MSM Malaysia Holdings Bhd is poised to take advantage of the deficit in the global sugar market that provides greater opportunity for it to expand its export market.

Recently, the International Sugar Organization (ISO) forecasted a global sugar deficit of about 3.5 million tonnes in 2019-20 and growing to nearly six million tonnes on 2020-21, due to the lower productions in major producing countries, including Brazil, Thailand and Europe.