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KUALA LUMPUR: China is bumping up its palm oil purchase from Malaysia by around 50% to around 4.7 million tonnes, which will be a huge boost to local planters and the government, which has been struggling with high stock piles.
KUALA LUMPUR: Malaysia has signed four agreements with Chinese parties for the export of 1.62 million tonnes of palm oil, worth US$891mil based on current prices.
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