Reuters (18/05/2020) - Malaysian palm oil futures rose 3% on Friday after exports rose in May and as the world's second-largest producer, Malaysia, scrapped its export duty on the commodity for June.

The steep cut in export duty to 0% for June, from 4.5% in May, comes amid an estimated 25% slump in global demand for the edible oil as the coronavirus outbreak shuttered restaurants and curbed travel around the world.

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