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CPO futures end higher

The benchmark crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly higher on Wednesday on the expectation of stronger exports in coming weeks owing to the palm oil export ban in Indonesia, said a dealer.

Palm oil trader David Ng said the weaker ringgit is also favouring demand for Malaysia’s palm oil.

“We locate support at RM6,000 and resistance at RM6,400,” he added.

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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