Palm oil futures rise on production concerns and strong demand from China

Malaysian palm oil futures edged higher for a second session on Wednesday, underpinned by expectations of lower production in the world’s second largest producer and tracking gains in rival edible oils.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 19 ringgit, or 0.48%, to 3,967 ringgit ($838.16) a metric ton in early trade.

Production issues in Indonesia and Malaysia due to heavy rains fuelled palm oil futures amid good demand from China, said Mitesh Saiya, trading manager at Mumbai-based trading firm Kantilal Laxmichand & Co.

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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