Malaysian palm oil futures rose on Wednesday, tracking rival oils higher, supported by lingering concerns over lower production.
The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange gained 0.36% to 5,301 ringgit ($1,265.76) per tonne by midday break, regaining some of the 0.42% drop in the overnight trade.
“Palm is very resilient, still trading firm despite lower export but I think everyone is worried about future supply,” a trader in Kuala Lumpur 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.
