BEIJING: Malaysia has struck another palm oil deal with China, says Primary Industries Minister Teresa Kok. An additional one billion yuan (RM611mil) worth of palm oil, approximately 200,000 tonnes, will be exported to China in a barter trade, she said. China is among major importers of Malaysian palm oil. A memorandum of understanding was signed between Malaysian Palm Oil Certification Council and China Green Food Development Centre (CGFDC) to embark on mutual cooperation to certify palm oil, palm kernel oil and their related products exported to China as “green food”. “Once approved CGFDC will award Green Food certificates to Malaysian palm oil industry players, who are MSPO certified,” Kok said.

Source: The Star June 01, 2019 00:33 UTC