Palm oil opens higher on higher exports

Malaysian palm oil futures rebounded on Monday, helped by higher exports and stronger rival oils, while market participants monitored Indonesian exports policy.

The benchmark palm oil contract FCPOc3 for April delivery rose 0.61% to 3,955 ringgit ($908.99) per tonne in early trade, after two days of losses.

Exports of Malaysian palm oil products for Feb. 1-10 rose 39.3% from Jan. 1-10, cargo surveyor Intertek Testing Services said on Saturday, while independent inspection company AmSpec Agri Malaysia said on Friday rose 32.51%.

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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