Malaysian palm oil futures snapped a four-session losing streak to climb on Wednesday, as upbeat exports for the first half of March and a recovery in broader markets underpinned prices.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 145 ringgit, or 2.5%, to 5,950 ringgit ($1,417.34) a tonne by the midday break. The contract rolled over to a new month.
Exports of Malaysian palm oil products for Mar. 1-15 rose between 13.2% and 15.6% from the same period in February, cargo surveyors data showed on Tuesday.
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.