date:Feb 18, 2014
es may push buyers towards cheaper palm instead.
Malaysia, the world's No 2 palm oil producer, kept its crude palm oil export tax unchanged for March at 5 percent, a government circular showed on Monday. In technicals, Malaysian palm oil may break a support level at 2,648 ringgit per tonne and fall more to 2,624 ringgit as indicated by its wave pattern and a Fibonacci retracement analysis, said Reuters market analyst Wang Tao.