A dash of this and a pinch of that could cost more in American kitchens with new tariffs on goods from India. Many spices used by home chefs, restaurants and large manufacturers are imported from India, and the 50 percent tariffs on the country imposed by President Trump could drive costs higher, a trade association warned on Wednesday. Last year, the United States imported more than $410 million in spices from India, according to the U.S. Department of Agriculture.
Read MoreCompeting exporters (Thailand, Vietnam, Pakistan) are under pressure, but the dynamics are mixed: some are lowering prices; others are focusing on quality or niche markets.
Read MoreThe Ministry of Transport (MOT) has announced plans to seek a 10-year extension of the land lease for Malaysia Holdings Berhad’s (MSM) sugar refinery located in Perai. The refinery operates on land owned by the Railway Assets Corporation (RAC), and the proposed extension aims to provide MSM with ample time to plan its long-term operations without the risk of immediate closure or relocation.
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