Malaysian palm oil futures closed higher on Wednesday, tracking strength in crude and rival edible oils, although talks of key buyer India weighing higher import duties partially dampened sentiment.
The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange gained 73 ringgit, or 1.92%, to 3,868 ringgit ($897.24) a tonne.
The contract followed a rebound in overnight soyoil prices while higher crude oil prices attracted some bargain hunters, a Kuala Lumpur-based trader said.
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.
