KUALA LUMPUR (Nikkei Markets) -- India's recent move to cut import tax on Southeast Asian palm oil helped buoy plantation stocks in Malaysia, brightening the outlook for a sector that is enjoying a sharp rise in prices tracking tighter supplies.
The lower duty rate imposed by the world's biggest buyer of vegetable oil helped to narrow the price gap between palm oil and other competing oils such as soybean and sunflower, raising the appeal of the edible oil exported from Malaysia and Indonesia, analysts said.
