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. 

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 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

SME Bank expects Bank Negara to hold OPR at 2.75% in 2026
China's central bank to conduct 900-billion-yuan outright reverse repo operation
TSMC fourth-quarter profit leaps to record driven by AI boom
Bursa Malaysia slips as profit-taking hits heavyweight counters, KLCI down 0.33%
Malaysia's construction, sub-contractor industries urged to expand into Asean, India- AIEC
Kerjaya Prospek unit bags RM201.25 construction contract in Sungai Buloh
Oil drops as Trump calms Iran fears; tech stocks slide in Asia
Bank Negara's OPR expected to remain at 2.75% throughout 2026 - BMI
Ringgit edges up as softer US yields weigh on greenback�
Global trade finance gap at US$2.5 trillion as global trade tensions rise, ADB says

Others Also Read