"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 extended losses on Monday, coming off last week's two-week high, as weakness in overseas soybean oil prices lured buyers away from the tropical oil.
Palm's rival soy fell sharply on Friday on the Chicago Board of Trade on expectations of a bumper U.S. crop this fall. Dalian prices slipped a percent on the day and looked set to extend their losses this week.
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