Malaysia to export US$891m of palm oil to China

KUALA LUMPUR: Malaysia has signed four agreements with Chinese parties for the export of 1.62 million tonnes of palm oil, worth US$891mil based on current prices.

The purchase intent documents were inked during the Malaysia-China Palm Oil Business Forum here on Monday, witnessed by Primary Industries Minister Teresa Kok.

Kok, during her speech, said the forum was a follow-up to the delegation meeting between the two countries in August last year, during which it was decided that the Chinese uptake of Malaysian palm oil would be increased by 500,000 tonnes.


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