CPO Futures Closed Higher On Tuesday

CPO Futures closed higher on Tuesday on reports of tariff prices / base import prices was hike by the government. The base import prices of crude palm oil and RBD palmolein were increased by $24 a tonne each. Tariff prices are revised every fortnight, based on their movement in the international market and changes in the foreign exchange rate. The prices were last revised on Jan 13. Malaysian palm oil futures on Tuesday hit their lowest in five weeks, and were headed for a fourth session of declines, as they tracked a subdued soybean market after the Lunar New Year holidays. Moreover,

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