Breaking News-RTRS-Malaysia lifts annual palm oil export quota

KUALA LUMPUR, Oct 13 (Reuters) - Malaysia, the world's second largest producer of palm oil, has raised its annual export quota for crude palm oil to 3 million tonnes from 2 million, Commodities Minister Peter Chin said on Monday.
Prices of the tropical oil tumbled more than 60 percent so far this year thanks to a knock-out combination of swelling stocks, slowing demand that have been heightened by a weakening global economy.