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Palm oil firms on higher crude prices

Malaysian palm oil futures rose on Monday, underpinned by higher crude prices and Indonesia’s plan to raise its biofuel mandate, although concerns over another COVID-19 outbreak in China capped gains.

The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 43 ringgit, or 1.1%, to 3,961 ringgit ($897.17) a tonne during early trade.

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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