The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed Monday’s losses to close higher on Tuesday tracking gains in the soybean oil market on the Chicago Board of Trade (CBOT), said palm oil trader David Ng.
Additionally, he said, gains were supported by the expectation of weaker output in the coming weeks.
“We locate support at RM4,200 per tonne and resistance at RM4,500 per tonne,” he told Bernama.
Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.
