Mon, 18 Feb 2013 14:31:04 GMT
Palm oil Advanced ahead of Imposition of Tax in Malaysia
Palm oil appreciated on Malaysia, the second-largest supplier after Indonesia, may increase exports in February before imposition of a tax in March. April-delivery palm oil advanced 1.5% to 2,519 ringgit ($813) a metric ton in Malaysia. Last week palm oil futures fell 3% to 2,483 ringgit a metric ton, the weakest level at close since January 29. The tax of