{
    "success": true,
    "data": {
        "id": 1276639,
        "msgid": "india-duty-hits-malaysia-palm-oil-1447893297",
        "date": "2000-11-22 00:00:00",
        "title": "India duty hits Malaysia palm oil",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "India duty hits Malaysia palm oil KUALA LUMPUR (Reuters): Malaysia's palm oil futures closed lower on Tuesday on news that India, one of Malaysia's main buyers, had increased the basic duty on edible oils to check a flood of cheap imports. But some traders said the falls were limited because such a move had been anticipated. Others said a stronger reaction was likely on Wednesday because the market was still digesting the news.",
        "content": "<p>India duty hits Malaysia palm oil<\/p>\n<p>KUALA LUMPUR (Reuters): Malaysia's palm oil futures closed<br>\nlower on Tuesday on news that India, one of Malaysia's main<br>\nbuyers, had increased the basic duty on edible oils to check a<br>\nflood of cheap imports.<\/p>\n<p>But some traders said the falls were limited because such a<br>\nmove had been anticipated. Others said a stronger reaction was<br>\nlikely on Wednesday because the market was still digesting the<br>\nnews.<\/p>\n<p>The benchmark third-month February futures contract ended down<br>\nseven ringgit at 860 ringgit ($226.3) a ton after trading as high<br>\nas 870. Market volume stood at 1,630 lots.<\/p>\n<p>November (south and central) crude palm oil was offered at 825<br>\nringgit a ton against bids of 820 and trade at 820 to 825.<\/p>\n<p>December (south and central) saw offers at 845 ringgit and<br>\nbids at 840, with trade reported at 840 to 850.<\/p>\n<p>Among refined products, December RBD palm oil was offered at<br>\n$237.50 a ton FOB and January at $242.50.<\/p>\n<p>There were offers for December RBD palm olein at $255 and<br>\nJanuary at $262.50.<\/p>\n<p>December RBD palm stearin was offered at $197.50 and December<br>\npalm fatty acid distillate at $142.50.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/india-duty-hits-malaysia-palm-oil-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
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