Malaysia secures over RM230 million in palm oil trade deals during China visit

Published 2024년 7월 16일

Tridge summary

During his visit to China from July 8-12, 2024, Malaysia's Deputy Plantation and Commodities Minister, Datuk Chan Foong Hin, secured over RM230 million in palm oil trade deals. These deals were finalized through four memorandums of understanding (MoUs) signed with Chinese companies, covering tocotrienol exports, expanding digital market access, crude palm oil trade, and the use of red palm oil in animal feed. The agreements aim to diversify palm oil product trade into new sectors, including e-commerce and health products, and emphasize the importance of high-quality and sustainable production. The value of these trade deals is anticipated to grow in the future, following a successful business matching session between Malaysian and Chinese enterprises.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Malaysia has secured over RM230 million in palm oil trade deals during Deputy Plantation and Commodities Minister Datuk Chan Foong Hin’s recent working visit to China. In a statement today, the Ministry of Plantation and Commodities (KPK) said Chan’s visit from July 8-12 to promote Malaysian agri-commodities in China has resulted in the signing of four memoranda of understanding (MoUs). “The four MoUs were signed between Malaysian palm oil companies and businesses in China at the 15th China International Cereals and Oils Industry Summit in Nanjing on July 11, 2024,” it said. KPK said the four MoUs signed were between Kuala Lumpur Kepong Bhd and BOCE Trade Service Co Ltd for tocotrienol exports; between Taobao (China) Software Co Ltd and Able Perfect Group for expanding digital market access; between Taobao (China) Software Co Ltd and Sawit Kinabalu Group for crude palm oil trade; and between JF Nutritech and Palmort Food Tech (Shanghai) for the application of red palm oil in ...

Source: UkrAgroConsult