THE elimination of the import tariff rate quota on edible oil in China from next year, coupled with rising consumption of the product there, augur well for palm oil, which has gained popularity in the country.
“The import of palm oil into China will not be subject to any barrier when the quota is phased out. This would help boost palm oil demand in China,’’ Malaysian Palm Oil Promotion Council (Shanghai representative office) director Teah Yau Kun told StarBiz in an interview here.
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