Malaysia to sell more palm oil to China | The Edge Markets
China was Malaysia’s second biggest importer of palm oil and palm-based products in 2018, during which Malaysia exported 3.07 million tonnes of palm oil and palm products valued at RM8.38 billion to China — up 7.3% from the 2.86 million tonnes (worth up to RM9.39 billion) recorded in 2017.
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Palm oil is an edible vegetable oil high in saturated fats and free of trans fats. The oil palm tree (Elaeis guineensis) is a native to West Africa and was imported into SE Asia in the mid 19th century. Oil palm flourishes in the humid tropics and produces high yield when grown 10 degrees north and south of the equator.
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The two countries account for about 85 per cent of the world’s palm oil production. There has recently been an increase in the oil’s production in South America through Colombia, Ecuador and ...
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