Malaysia sells COP to China

Malaysia sells COP to China

KUALA LUMPUR (AP): A trade mission led by the Minister of Primary Industries, Lim Keng Yaik, will ask China to buy more Malaysian palm oil, a news report said Saturday.

Palm oil export quotas to China, which totaled 1.3 million tons last year, would also be raised in the discussions, Lim told reporters here, the national news agency Bernama said.

He hoped China, one of the biggest palm oil consumers, would maintain or increase the quota.

Lim said Malaysia was grateful to China for reducing the palm oil import duty to eight percent from 30 percent in the past five years.