Economics
Palm Oil Gains as Malaysia May Export More Before Tax in March
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Palm oil advanced for the first time in four sessions on speculation that Malaysia may boost exports this month before a tax is imposed in March, reducing near record inventories in the world’s second-largest producer.
The contract for delivery in May, the most-active by open interest and volume at close, climbed 1.3 percent to end at 2,539 ringgit ($819) a metric ton on the Malaysia Derivatives Exchange. Futures declined 3 percent last week to end at 2,483 ringgit, the lowest price at close since Jan. 29.