CPO futures hit one-week high

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives hit a one-week high on Tuesday on concerns over weaker output ahead of a key crops report due this week.

The benchmark palm oil contract for February 2022 jumped RM181 to RM4,931 a tonne, the highest since Nov 29.

Palm oil trader David Ng said the report should help lift CPO prices higher, coupled with stronger soybean oil prices on the Chicago Board of Trade (CBOT).

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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