Palm oil futures rise for third session on Dalian exchange gains

Palm oil futures rose for a third straight session on Wednesday, tracking gains in rival oils on the Dalian exchange, while a weaker ringgit also lent support to prices.

The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange rose 24 ringgit, or 0.61%, to 3,954 ringgit ($833.56) a metric ton by 0242 GMT. It fell 0.15% in overnight trade.

Dalian’s most-active soyoil contract DBYcv1 rose 0.64%, while its palm oil contract DCPcv1 was up 1.09%. Soyoil prices on the Chicago Board of Trade BOcv1 fell 0.65% amid profit-taking.

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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