DPM Fadillah: Malaysia boosts China palm oil exports under EU pressure

KUALA LUMPUR, Sept 25 — Malaysia will increase palm oil exports to China by 500,000 tonnes a year as it faces pressure from new European Union restrictions targeting...

KUALA LUMPUR, Sept 25 — Malaysia will increase palm oil exports to China by 500,000 tonnes a year as it faces pressure from new European Union restrictions targeting deforestation, a senior minister told AFP today.

But the EU rules have been highly controversial in producer countries, with both Malaysia and Indonesia protesting the move. That will grow by the end of the year or early next year with “additional uptakes of 500,000 tonnes of palm oil” by Beijing, he said. Malaysian palm oil exports to China are now expected to hit 3.2 million metric tonnes for 2023, Fadillah said.

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