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Malaysian Palm oil reserves climb to 2.28m tonnes, authorities extend zero rate exports

KUALA LUMPUR: Malaysian reserves climbed for a fifth month in November to 2.28 million tons, the highest level since February 2013. Indonesia kept its export tax at zero for a third month in December, and may extend the exemption to January, according to Derom Bangun, chairman of the Indonesian Palm Oil Board.

Any extension of Malaysia’s tax waiver will help make the country’s palm oil…