China's palm oil trip to Malaysia and Indonesia was fruitless

Introduction: [Malaysia and Indonesia's trip to China's palm oil failed] Reuters reported that during a visit to China by two ministers in charge of palm oil export from Indonesia and Malaysia, China rejected the two countries' demands for China to increase its palm oil import, and the two ministers returned empty handed The previous trip to India by the two ministers also failed It is said that during the two ministers' visit, Chinese officials did not say how much or when to import Malaysia originally expected China to issue a quota of 2.1 million tons of palm oil this year, but Chinese officials thought the quota was on the high side Last year, China imported 1.4 million tons Malaysia hopes to export 6 billion ringgit (US $1.6 billion) worth of palm oil to China in the form of barter trade to boost the low price of palm oil, the Malaysian transport minister said, a Malaysian newspaper reported on April 27 In exchange, China will acquire a construction project to build a two track railway and provide 20 locomotives, which is located between Negri Sembilan and Johor in southern Malaysia China feed industry information network PEF