Area
Malaysia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/12/2018
Policy Category
Trade
Policy Instrument
Bilateral cooperation
Description
Backed the signing of a memorandum between Chinas state-owned grain trading enterprise COFCO and a Government-owned Malaysian palm oil corporation, aimed at promoting palm oil related ventures and enhancing trade between the two countries.
Notes
A recently signed memorandum between Chinas state-owned grain trading group COFCO and a government-owned Malaysian palm oil corporation aims at the promotion of palm oil related ventures and increased trade between the two countries. According to media reports, the agreement reached envisages i) joint projects on the health benefits of palm oil products, ii) investments in the manufacturing of specialty oils/fats, and iii) collaborative efforts to develop the market for high-value palm oil products in China. (See also MPPU Oct.18)
