M’sia strikes palm oil barter trade deal with China


  • Nation
  • Saturday, 01 Jun 2019

RAM also said the increase in Indian import duties on rival soybean oil in June 2018 was also expected to reverse the downtrend in palm oil exports for Malaysia and Indonesia.

BEIJING: Malaysia has struck another palm oil deal with China, says Primary Industries Minister Teresa Kok.

An additional one billion yuan (RM611mil) worth of palm oil, approximately 200,000 tonnes, will be exported to China in a barter trade, she said.

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