"They can no longer ask for concessions for palm oil [or] mining," Widodo told reporters on Thursday, when asked about the moratorium plans. Widodo said he had spoken to government ministers regarding the plan but stopped short of providing a timeline for the move.
KUALA LUMPUR: Malaysian palm oil futures rose on Thursday to record a third session of gains this week, amid expectations of slow output growth and sustained Ramadan demand.
The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 1.4 percent to 2,579 ringgit ($632) per tonne in the evening. It earlier reached an intra-day high of 2,595 ringgit, its highest in a week.
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