Palm oil gains as India extends lower duty on edible oil imports
KUALA LUMPUR, Jan 16 (Reuters) -Malaysian palm oil futures rose on Tuesday, driven by top importer India’s move to allow edible oil imports at a concessional duty for one more year. The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange rose 49 ringgit, or 1.29%, to 3,849 ringgit ($821.91) by midday. India’s move to allow lower…
