Malaysian palm oil futures hit a near five-week high on Wednesday, tracking strength in rival soyoil and crude, while investors awaited data on April export performance.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange gained 68 ringgit, or 1.05%, to 6,531 ringgit ($1,526.65) a tonne during early trade.
Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
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.