The Palm Scribe

China buys Indonesia’s palm oil worth $726 million

Investor Daily, 13 July 2018

Chinese business players have signed a purchase agreement for $726 million of palm oil and its derivatives from Indonesia for the next one year in Nanjing, Beijing, China, on Wednesday (July 11). The signing was witnessed by Indonesian Ambassador to China and Mongolia Djauhari Oratmangun. Djauhari said that the Indonesia can fulfill the rising palm oil demand in China. Thus, Chinese business players can believe in the quality and quantity of Indonesian palm oil.

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