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NEWS ADMIN

DATE

15/04/2019

NEWS PROVIDER

Khairlia Khairulzaman

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Kok hopes PM will get more palm oil sales from China

14 Apr 2019 (The Star Online)  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.


Read more at https://www.thestar.com.my/news/nation/2019/04/13/kok-hopes-pm-will-get-more-palm-oil-sales-from-china/#S3PO3wSF3WKpe6TI.99