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News Admin
 
Date
 18/05/2020
News Provider
 Nur Aisha Abd. Wahab
News Source
 Reuters
Headline
 PALM OIL

Reuters (18/05/2020) - Malaysian palm oil futures rose 3% on Friday after exports rose in May and as the world's second-largest producer, Malaysia, scrapped its export duty on the commodity for June.

The steep cut in export duty to 0% for June, from 4.5% in May, comes amid an estimated 25% slump in global demand for the edible oil as the coronavirus outbreak shuttered restaurants and curbed travel around the world.


Read more at https://www.reuters.com/article/asia-morning-call-global-markets/asia-morning-call-global-markets-idUSL4N2CZ0C2



ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
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