Malaysian palm oil futures closed near record highs on Monday, rising for a seventh session in eight, on concerns over tightening supply of global commodities after Western countries stepped up sanctions against Russia for invading Ukraine.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange ended up 326 ringgit, or 5.46%, at 6,292 ringgit ($1,499.52) a tonne.
The spot contract surged 11.4% to end at a record 7,473 ringgit.
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.
