Malaysia set to sell more palm oil to China


Mahathir and Xi during Mahathir's visit to Beijing yesterday.

PETALING JAYA: Malaysia’s palm oil exports to China will likely see an additional 20% increase, or about 400,000 tonnes per year, following the latest palm oil supply memorandum of understanding (MoU) witnessed by Prime Minister Tun Dr Mahathir Mohamad and China’s Premier Li Keqiang in Beijing.

The additional palm oil purchase by China was part of the re-negotiation between Malaysia-China at at the conclusion of the revised East Coast Rail Link project.

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