Palm Oil Advances Most in Three Weeks as Reserves Seen Dropping
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Palm oil rallied the most in almost three weeks on expectations that zero-rate export taxes will cut record stockpiles in Malaysia, the second-biggest producer.
The contract for delivery in April climbed 1.9 percent to 2,465 ringgit ($810) a metric ton on the Malaysia Derivatives Exchange, the biggest gain at close for the most-active contract since Jan. 2. Futures have climbed 1.1 percent this year.