Breaking News-RTRS-Reuters Summit-Malaysian tax capping palm oil's price rise

KUALA LUMPUR, March 15 (Reuters) - A windfall tax on Malaysian palm oil earnings that kicked in from November last year has capped gains as buyers see it as a signal to slow purchases, a top industry official said on Monday.
Malaysian Palm Oil Association (MPOA) Chief Executive Mamat Salleh said the 15 percent windfall tax on a tonne of crude palm oil was triggered on companies in the world's No. 2 producer when prices rose above 2,500 ringgit ($756.4).