Palm oil clocks third weekly climb on tight supply worries

Malaysian palm oil futures ended lower on Friday after trading in a tight range, although the contract recorded a third straight weekly jump, underpinned by concerns over tight supply amid improving demand.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed down 32 ringgit, or 0.76%, at 4,203 ringgit ($948.12) a tonne, hovering near a seven-week high hit on Thursday.

The contract has gained 1.7% this week.

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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Dekel Agri-Vision plc

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