Malaysia’s sugar cane industry to be developed to meet its sugar demand

Published 2023년 3월 14일

Tridge summary

Malaysia's Economy Minister, Rafizi Ramli, has announced plans to revitalize the country's sugar cane industry to reduce reliance on imported raw sugar from Brazil. This initiative will see the government identifying 405 hectares of land in North Perak for the project. Currently, Malaysia is completely reliant on Brazil for its raw sugar supply, and the ministry is keen to establish a local supply chain to mitigate the risks and costs associated with international trade. National refined sugar producer, MSM Malaysia Holdings Bhd, currently meets 60% of the country's sugar demand.

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Original content

KUALA LUMPUR (March 14): Malaysia’s sugar cane industry will be developed to help meet the nation’s demand for sugar, said Economy Minister Rafizi Ramli. He said that currently, the country is entirely dependent on importing raw sugar from Brazil following the closure of the sugar cane plantation in Chuping, Perlis, in 2012. He said the government is currently identifying land parcels of up to 405ha in North Perak for this purpose. “All (100%) of the country’s raw sugar is being imported, and when there are price increases or issues with currency and oil (prices), freight costs will be high. “Therefore, the is a need for us to plant sugar cane, and the government will arrange for the [logistics] chain to ensure planters will have ready buyers,” he said during the winding up debate on the Supply Bill 2023 at the committee level for the Economy ...

Source: Theedgemarkets