Palm oil gains on stronger rival oil

Malaysian palm oil futures ended slightly higher on Monday, extending gains from the previous session, as the market tracked strength in Chicago soyoil prices.

The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 0.03% to close at 3,741 ringgit ($799.36).

“Palm oil demand is a bit weak and gains were capped because of that reason,” said a Mumbai-based trader.

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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