France wants to be fair to palm oil, soybean oil producers

Malaysian palm oil futures rose for a second session in four on Friday as better performing rival soy oil gave the market a late boost even though a stronger ringgit MYR= weighed on prices earlier in the day.

“This is because there are some discrepancies as olive oil is highly taxed and palm as well as soyaoil are not taxed,” he told Bernama.