Palm Oil Gains a Fourth Day as Exports Seen Rising on Zero Tax
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Palm oil advanced for a fourth day to the highest level in more than three months on speculation that Malaysian stockpiles will drop from a record as shipments expand after the second-largest producer set a zero export tax.
The contract for delivery in April gained 0.3 percent 2,564 ringgit ($828) a metric ton, the highest price at close for the most-active contract since Oct. 25, on the Malaysia Derivatives Exchange in Kuala Lumpur.