Palm oil jumped to the strongest in over a week following a surge in soybean oil after the US senate passed a bill that supports biofuel production and on signs of a recovery in demand in China, the No 2 importer.
Futures for October delivery soared 5.1% to close at RM4,076 a tonne in Kuala Lumpur.
Soybean oil, palm’s closest substitute for food and fuel, advanced more than 1% after jumping 4.2% on Friday.
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.