Malaysian palm oil futures scaled an all-time high on Tuesday, extending gains to a fourth session, as threats of a Russia- Ukraine war lifted crude prices and boosted the appeal of the tropical oil as a more attractive biodiesel feedstock option.
The benchmark palm oil contract FCPOc3 for May delivery on the Bursa Malaysia Derivatives Exchange rose 101 ringgit, or 1.78%, to 5,776 ringgit ($1,380.17) a tonne in early trade.
The spot contract climbed to an all-time high of 6,272 ringgit as investors priced in tightening supply following an upsurge in early February exports.
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.
