10:16 pm5 Jan 2013
Palm Oil Advances as Malaysia’s Export Tax May Boost Shipments
Palm oil advanced on speculation that a new export tax structure in Malaysia, the second largest producer, will help to boost shipments in the first quarter, paring record stockpiles. The contract for March delivery climbed as much as 0.9 percent to 2,495 ringgit ($819) a metric ton on the Malaysia...