Ministry of Primary Industries says new palm oil MoU with China not extension of old one under BN
PublishedOn April 25, China agreed to increase the volume of palm oil imports and the agreement was finalised between the Malaysian Palm Oil Council and China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce and Animal By-Products. — Reuters pic
The cooperation was to facilitate the country's palm oil trade to China. There was no commitment or guarantee that China would increase its import of Malaysian palm oil. On April 25, China agreed to increase the volume of palm oil imports and the agreement was finalised in the MoU between the Malaysian Palm Oil Council and China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce and Animal By-Products.
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