Palm hits three-week high on rival oil strength

Malaysian palm oil futures rose for a second session on Thursday, hit their highest levels in three weeks, supported by gains in Dalian palm oil, as market participants wait for October 1-20 export data.

The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange rose 22 ringgit, or 0.58%, to 3,832 ringgit ($805.04) a metric ton by midday.

“Today’s crude palm oil futures market is firm on the back of steady Dalian palm market as well as anticipation of better export data tomorrow,” a Kuala Lumpur-based trader said.

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.

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Dekel Agri-Vision plc

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