Palm Oil futures end losing streak amid rise in oil prices

Malaysian palm oil futures snapped a five-day losing streakon Friday amid a jump in oil prices.

The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange was up 40 ringgit, or 1%, to 4,024 ringgit ($840.26) a metric ton in morning trade as of 0232 GMT, ending its longest losing streak since early December.

The contract, however, is poised for a near 6% weekly decline.

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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