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.
SINGAPORE: Malaysian palm oil futures lost ground on Friday as the market took a breather after a four-session rally backed by strong demand for the oilseed.
FUNDAMENTALS
* The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange lost 0.6 percent, or 13 ringgit, to 2,083 ringgit ($499.40) a tonne in early trade.
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