Malaysia says China's 2022 total palm oil imports likely lower

KUALA LUMPUR: Malaysia's commodities minister on Tuesday warned that its palm oil exports to China will continue to be affected by global economic challenges and overall imports in the world's second-largest buyer will likely decline.

Malaysia's exports to China during the first half of the year have already plunged 24% from the same period last year, as sky-high prices due to global edible oil shortages discouraged stockpiling, according to Malaysian Palm Oil Board data.