date:Oct 15, 2012
Reserves in Malaysia increased to 2.48 million tons last month, according to data from the Malaysian Palm Oil Board. That was the third increase in monthly holdings, and 46 percent above the level in June. Storage capacity totals 5.2 million tons, Dompok said today, citing the Malaysian Palm Oil Association.
The new sliding scale of export-tax rates makes sense as it will encourage exports if prices are low, helping to keep inventory in check, OSK Investment Bank Bhd. said in a report today. Th