China will keep buying Malaysia's palm oil, Leiking says

Minister of International Trade and Industry Darell Leiking said Malaysia is unlikely to suffer any loss in its palm oil business from China, despite Beijing pledging to boost soybean purchases from the US.

SINGAPORE: Malaysia is unlikely to suffer any loss in its palm oil business from China, despite Beijing pledging to boost soybean purchases from the U.S. amid the trade war, according to the Southeast Asian nation’s trade chief.

“I don’t think so, ” Malaysia’s Minister of International Trade and Industry Darell Leiking said Wednesday in a Bloomberg Television interview with Haslinda Amin at the World Economic Forum in Davos, Switzerland, when asked about the impact on its critical palm oil exports.