Malaysian palm oil price hits 1-month high after Indonesia signs export levy


KUALA LUMPUR: Malaysian palm oil futures rose for a third day on Wednesday to touch their highest level in a month, following a jump in soy markets, and as investors covered short positions after Indonesia set a palm export levy to fund biodiesel subsidies. 

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
palm oil , oil palm , plantations , commodities , oil , stocks , shares , futures , klci , klse ,

Next In Business News

IMF evaluation reflects Malaysia’s strong economic fundamentals, economists say
MATRADE appoints Abu Bakar Yusof as CEO
Ringgit poised to see profit-taking after hitting near six-year high vs greenback
The illusion of beat estimates
Racing to deliver
Green stocks are big winners
Asia in US$200bil complex investment�revival
EU dilutes green disclosure rules
Can Nilai become an AI mega hub?
Thematic guide to investments in 2026

Others Also Read