Friday, March 5, 2010

Breaking News-RTRS-INTERVIEW-UPDATE 1-Pakistan may sign Indonesia palm deal soon

KUALA LUMPUR, March 4 (Reuters) - Pakistan may sign by mid-2010 a preferential tariff pact with Indonesia for palm oil imports that will divert some of the South Asian country's orders from Malaysia, a top industry official said on Thursday.
Rasheed Janmohammad, vice-chairman of the Pakistan Edible Oil Refiners' Association, said the new tariff agreement would limit Pakistan's reliance on Malaysia, which has a crude palm oil export quota of 3 million tonnes.