Palm oil extends rally to near record

Palm oil extended an advance to the highest level in two months on Tuesday amid signs of sustained weakness in Malaysia’s production.

Futures in Kuala Lumpur rose as much as 2.2% to RM4,480 a ton, the highest since May 12, when prices reached a record high of RM4,506.

The tropical oil is also tracking gains in rival soybean oil, which is up for a third day in Chicago as US crop conditions missed estimates.

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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