Palm oil climbs for fourth day

Palm oil advanced for a fourth day as Malaysian production dropped and exports soared. 

The tropical oil rose 1.4% to close at 4,392 ringgit per ton in Kuala Lumpur, capping the longest streak of gains in two months. Rival soybean oil added 0.4% in Chicago.

Palm oil is bolstered by data showing that production from Malaysia’s southern peninsula shrank 25% in the first five days of September from the previous month, said Anilkumar Bagani, research head of Mumbai-based Sunvin Group. Expectations of improving exports also aided sentiment, 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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin
Dekel Agri-Vision PLC

More articles like this

Dekel Agri-Vision PLC

Vegetable oil production set to hit four-year high

World production of four vegetable oils, namely palm oil, sunflower oil, soybean oil and rapeseed oil, is expected to increase by about seven million tonnes for the 2021/2022 period, the biggest growth in four years, according to Oil World.

Dekel Agri-Vision PLC

Palm rebounds on stronger U.S. soyoil

Malaysian palm oil futures edged up on Wednesday after two days of losses, helped by gains in rival Chicago soyoil and expectations of tight domestic supply. The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 8 ringgit, or 0.16%, to 4,863

Dekel Agri-Vision PLC

CPO futures rally to all-time high

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high yesterday, mainly driven by tight supplies and strong demand from China. The benchmark palm oil contract for December 2021 surged RM155 to

Dekel Agri-Vision PLC

Palm oil futures will stay strong at least until March

Palm oil futures will stay strong at least until March on an increase in export levies by top grower Indonesia, with supplies seen tight during the first two months of 2022, according to veteran trader Dorab Mistry. The

Dekel Agri-Vision PLC

Record results for Dekel Agri-Vision

The company Dekel Agri-Vision, which specializes in palm oil in Ivory Coast, today announced record results in the 1 st half of 2021 with a rise in turnover of 40.9% (compared to 1 st half of 2020) to € 21.7 million and

Premier Miton Investors on positive economic momentum and sustainable investing (LON:PMI)

Premier Miton’s Gervais Williams discusses the positive economic momentum, how the increase in tax on dividends will effect investors, sustainable investing, portfolio clients that are investing heavily in green technologies and for real world change and companies investors should be looking at in terms of growth opportunities in this exclusive interview with DirectorsTalk.

Dekel Agri-Vision PLC

Palm oil ticks up for second day

Malaysian palm oil futures gained for a second straight session on Tuesday, underpinned by better demand prospects after India slashed import taxes, although gains were capped by higher supply outlook. The benchmark palm oil contract FCPOc3 for November