China factor: Palm oil makes up around 5.05 million tonnes or 58% of China’s edible oil imports.
PETALING JAYA: The prospect of palm oil purchases to be included as part of the East Coast Rail Link (ECRL) renegotiation deal between Malaysia and China will be a boon for the local commodity’s outlook this year, say analysts.
CGSCIMB described this development as “potentially positive” for the plantation sector as well as Malaysia’s trade and current account surplus.
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