Malaysian palm oil price edges higher on easing stocks outlook

Indonesia, the world's top exporter of palm oil, will not collect levies from palm exporters when prices are below a threshold of $570 per tonne, but will charge $10-$25 once prices are in a range of $570-$619 per tonne. The range will rise to $20-$50 when prices hit above $619 per tonne.

KUALA LUMPUR: Malaysian palm oil futures rose on Monday, charting a third session of gains in five, on the back of expectations of easing inventory levels.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 0.3 percent at 2,306 ringgit ($563.68) a tonne at noon, after earlier hitting a high of 2,313 ringgit.