Malaysian refiners will be in a better position as CPO export prices will now be higher than refined products, so the reinstatement of the tax is positive for refiners and integrated industry players.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on the back of stronger soybean oil prices during the Asian hours.
Palm oil trader David Ng located support at RM3,380 and resistance at RM3,500 per tonne.
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