In Malaysia, the Star newspaper reports that a barter deal for 200,000 metric tons of palm oil has been agreed with China as part of the attempts to strengthen trade between the two countries. Construction services, civilian and defense equipment as well as unspecified natural resources products will be supplied to Malaysia by China in exchange for the oil. The palm oil is currently valued at nearly $147 million. The China Green Food Development Center has recently signed an agreement recognizing the Malaysian Sustainable Palm Oil (MSPO) certificate.
Category: Producer News