date:Apr 19, 2016
wed rising export demand for the first half of April, even with an export tax in place.
Cargo surveyor data showed improving shipments between 7-20 percent from the first half of March, lifted by demand to China and India.
Malaysia had raised its crude palm oil export tax to 5 percent for April and May, ending a duty free policy held since May 2015.
Palm oil has found support at 2,629 ringgit per tonne and may either hover above this level or rise towards resistance at 2,716 ringgit, accordin