皇冠正网平台出租:Malaysia warns of weaker Q3 palm oil price as Indonesia scraps export levy

皇冠正网平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。

KUALA LUMPUR: Malaysian crude palm oil prices will remain weak for most of the third quarter of this year, the country's commodities minister said on Monday, after rival producer Indonesia scrapped its export levy.

"This is inevitable in light of stiffer competition from Indonesia - the world's largest palm oil producer - in its quest to flush out as much excess palm oil possible from its existing stockpile," Zuraida Kamaruddin said in a statement.

Malaysia's benchmark crude palm oil prices rallied to record levels earlier this year as Russia's invasion of Ukraine and a temporary export ban by Indonesia tightened global edible oil supply.

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But prices plunged to their lowest in a year in recent weeks as Indonesia reversed an earlier decision to restrict exports.

Indonesia this month scrapped its export levy for all palm oil products until Aug. 31 following a series of attempt to boost exports and ease high inventories, and is also considering removing a domestic sales rule for exporters.

As a result, average crude palm oil prices for the third quarter are projected to range between 4,800 ringgit ($1,078.41) and 5,200 ringgit ($1,168.28) a tonne, also weighed by better production in Malaysia, Zuraida Kamaruddin said.

Prices are expected to rise to 5,000-5,500 ringgit per tonne in the fourth quarter with the resumption of the export levy in Indonesia and an expected decline in production, she added. - Reuters