date:Oct 15, 2012
duty, this will give the opportunity for Indians to evaluate where theyll get a better price, Mehta said. Looking at the current level, Malaysia will benefit out of this new export-tax structure.
Palm oil for December delivery fell 1.5 percent to 2,462 ringgit ($804) a metric ton on the Malaysia Derivatives Exchange in the morning session. The most-active price -- which declined to 2,230 ringgit on Oct. 3, the lowest level since November 2009 -- has lost 22 percent this year.
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