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Palm oil futures rise for fifth day on Chicago soyoil gains

Palm oil futures rose on Thursday for a fifth straight session, tracking gains in rival soyoil prices on the Chicago Board of Trade.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 13 ringgit, or 0.29%, to 4,420 ringgit ($932.69) a metric ton in early trade.

The Dalian Commodity Exchange is closed on Thursday and Friday for the Qingming festival. Soyoil prices on the Chicago Board of Trade were up 0.43%.

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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