Malaysian palm oil futures rebounded on Thursday, posting their biggest gain in nearly three weeks, as rival vegetable oils in Dalian and Chicago strengthened and a weaker ringgit supported the market.
The benchmark palm oil contract for May delivery rose 3.19% to close the afternoon trade at 4,070 ringgit ($924.58) per tonne, its best since Jan. 27.
“Prices moved up on the back of strong closing in Chicago soybean oil last night as NOPA released lower crushing,” a Kuala Lumpur-based trader said.
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.
