Malaysian palm oil futures rose on Wednesday, tracking strength in Dalian’s palm olein contract and Chicago soyoil, although weak exports data limited gains.
The benchmark palm oil contract FCPOc3 for May delivery on the Bursa Malaysia Derivatives Exchange gained 40 ringgit, or 1.04%, to 3,900 ringgit ($812.67) per metric ton in early trade.
Soyoil contract at Dalian Commodity Exchange DBYv1 were down 0.11%, while its palm oil contract DCPv1 rose 0.82%. Meanwhile, soyoil prices on the Chicago Board of Trade BOc2 were up 0.4%.
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.current May contract,” said Chandran S, futures broker at Kuala Lumpur-based CGS International.
