Futures contracts of crude palm oil ended higher on the Bursa Malaysia Derivatives after the Malaysian government suspended export duty on the tropical oil for a three-month period. The most active March contract of crude palm oil on the Malaysian bourse hit a one-month high of 2,615 ringgits (41,442.66 rupees) per tn earlier, before settling 0.2% higher at 2,590 ringgits. The decision to suspend export duty was taken to reduce Malaysia’s palm oil stocks and to strengthen prices. The country’s palm oil stocks were at a near two-year high of 2.56 mln tn at the end of November. The suspension will be lifted before the three-month period if the southeast Asian country’s stock level declines to 1.6 mln tn.