China to double imports of Malaysian palm oil, says PM Anwar
Prime Minister Datuk Seri Anwar Ibrahim, accompanied by several Malaysian ministers, witnessing the exchange of the MoU between Sime Darby Oils International Ltd and GuangXi Beibu Gulf International Port Group with a potential trade value of RM2.5 billion in Nanning, September 17, 2023. — Bernama pic
Sunday, 17 Sep 2023 10:33 PM MYT
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 (MoU) between Sime Darby Oils International Ltd (Sime Darby Oils) and GuangXi Beibu Gulf International Port Group (GuangXi Beibu Gulf).
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.
He said the MoU will help to protect the interest of oil palm smallholders and producers alike.
“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 (Caexpo).
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
Sunday, 17 Sep 2023 10:33 PM MYT
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 (MoU) between Sime Darby Oils International Ltd (Sime Darby Oils) and GuangXi Beibu Gulf International Port Group (GuangXi Beibu Gulf).
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.
He said the MoU will help to protect the interest of oil palm smallholders and producers alike.
“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 (Caexpo).
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
Where is the true demand going to come from ?
ReplyDeleteThis Anwar easily kena tipu.
I fear he has negotiated Malaysian soverignty in return for some vague, noncommittal promises.
R u in that trade?
DeleteDo u know the requirements of various cooking oil manufacturing in China?
Obviously u r farting, ad usual, yr know-nothing rant!
Where is the true demand going to come from ?
ReplyDeleteThe headline was a stupid piece of disinformation.
The reality is ONE China State -owned enterprise promising to double its purchase of palm oil from ONE Malaysian Palm Oil producer.
This is very easy to achieve with ZERO increase in the Total purchase of palm oil by China from Malaysia.
Anwar Ibrahim so easy to be Tipu.
Check the composite ingredients of the 金龙 cooking oil, mfer.
Delete金龙 is one of the top selling cooking oil in China, partly owned by Wilmar International of Kuok group.
金龙 Claims to be a soy based oil. Yet in actual composition, palm oil constitutes a substantial portion of the mix.
Ditto with all other vegetable based cooking oil sold in China.
None of them r purely single component extraction.