Palm oil futures settled higher on Tuesday, snapping three consecutive sessions of losses, supported by the prospect of lower inventories, but higher premiums capped gains.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed up 25 ringgit, or 0.58%, to 4,320 ringgit ($910.43) a metric ton.
Malaysia’s palm oil inventories are likely to have declined 6.65% from the prior month to an eight-month low of 1.79 million tons at the end of March, a Reuters survey showed on Thursday.
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.
