Kok hopes PM will get more palm oil sales from China

  • Nation
  • Saturday, 13 Apr 2019

Primary Industries Minister Teresa Kok(pic) said that for the January-May period, timber product exports showed a positive growth trend, rising by 2.3% to RM9.1bil as compared with the same period in 2018

PUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad has been asked to negotiate for more palm oil sales for Malaysia when he goes for the upcoming One Belt One Road seminar next month, says Primary Industries Minister Teresa Kok.

"We hope we will get more sales for Malaysia's palm oil," she said when asked during the Nutrition Seminar - Living Healthy with Malaysian Palm Oil on Saturday (April 13).

Kok added this after saying that she welcomed the revised East Coast Rail Link (ECRL) deal inked between Malaysia and China.

She said that she did not attend the discussions on the deal and could not negotiate for palm oil purchases by China but will convey the wish to the Prime Minister.

The new ECRL project price is set at RM44bil now, down 32.8% from the previous RM66bil.

It was reported that analysts had said that the prospect of palm oil purchases to be included in the ECRL renegotiation deal between Malaysia and China will be a boon for the outlook of local commodities this year.

Palm oil makes up around 5.05 million tonnes of 58% of China's edible oil imports.

Of the total, Malaysia's palm oil imports is around 1.92 million tonnes or 5% of China's total edible oil consumption.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Nation

Over RM2.5bil lost to phone scams since 2018, says Home Minister
Malaysia marks sixth consecutive term in ICAO Council
LHDN withdraws income tax appeal against Najib's daughter
Toddler dies after falling from baby chair
No bounty for wanted man Jho Low, says Home Ministry
Floods: 54 victims in Johor still in temporary shelters
Private Member's Bill on citizenship of children born to overseas mothers rejected
Missing disabled teen found dead in pond in Johor
Ulu Chepor floods: 93 evacuated as of 8am on Oct 5
Pakatan govt fell due to internal power struggle, not Barisan, Zahid tells Dr M

Others Also Read