KUALA LUMPUR (Oct 15): China has expressed its intention to buy another 500,000 tonnes of palm oil from Malaysia provided the prices are competitive, Prime Minister Tun Dr Mahathir Mohamad says today.

This follows his official visit to China in August, he added.

“China has stated that it is prepared to import an additional 500,000 tonnes of palm oil from Malaysia, provided the prices are competitive,” he said replying to a parliamentary question by Bukit Bintang Member of Parliament Fomg Kui Lun who asked about the outcome from the premier’s visit to China in terms of trade and economic cooperation.

Last year, China imported 1.92 million tonnes of palm oil from Malaysia, behind India which bought 2.03 million tonnes and the European Union at 1.99 million tonnes.

User Dashboard

Back To ACE