NANNING, Sept 17 — China’s imports of Malaysian palm oil will double to 500,000 tonnes a year from the current 250,000 tonnes following the exchange of a memorandum of...
NANNING, Sept 17 — China’s imports of Malaysian palm oil will double to 500,000 tonnes a year from the current 250,000 tonnes following the exchange of a memorandum of understanding between Sime Darby Oils International Ltd and GuangXi Beibu Gulf International Port Group .
Prime Minister Datuk Seri Anwar Ibrahim and several other ministers witnessed the MoU exchange in conjunction with his one-day working visit to Nanning, China.“This is a perpetual agreement with China, which is a huge achievement for the parties involved,” he said during his visit to the 20th China-Asean Expo .
The MoU would also see the joint development of a refined palm oil and fats distribution and trading centre in Qinzhou, China, by Sime Darby Oils and GuangXi Beibu Gulf, with exports estimated to be worth RM2.5 billion. — Bernama
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