Palm oil rebounds on firm demand

Malaysian palm oil futures rebounded on Wednesday, lifted by robust demand for the commodity and tracking higher rival soyoil prices.

The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 35 ringgit, or 0.9%, to 3924 ringgit during early trade.

Palm oil may retest a resistance at 3,978 ringgit per metric ton, as suggested by its wave pattern and a projection analysis, Reuters technical analyst Wang Tao 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.

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