Malaysian palm oil futures gained for a second session on Tuesday to hit a one-week closing high, lifted by expectations of tightening supply and as traders speculated about changes to Indonesia’s export policy.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed up 58 ringgit, or 1.51%, to 3,895 ringgit ($882.02) a tonne.
An official at Indonesia’s economic coordinating ministry said on Monday the country plans to set its crude palm oil reference price at $932.69 per tonne for the April 16-30 period, up from $898.29 per tonne in the first half of the month.
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.
