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Malaysian Crude Palm Oil Futures
Crude palm oil (CPO) futures traded on the Malaysian derivatives exchange hit a fresh record Tuesday, extending gains from Monday, driven by strong soybean futures in the US.
At 12.30 pm, the benchmark CPO futures contract for May delivery was up 1 ringgit at an all-time high of 3,600 ringgit per metric ton. It closed at [...]
No need to increase CPO export tax yet: trade minister
Trade Minister Mari Elka Pangestu said there was as yet no need to increase the export tax on crude palm oil (CPO) to countervail an increase in the domestic price of cooking oil.
“No, there will be no increase (in the CPO export tax) since it is not necessary,” the minister told the press after she [...]
