Malaysian palm oil futures rose for a third consecutive session on Monday to the highest closing in nearly seven weeks, tracking strength in rival edible oils in China and crude oil.
The benchmark palm oil contract for May delivery gained 32 ringgit or 0.77% to 4,163 ringgit ($940.15) per tonne, after gaining 5.11% in the last two sessions.
The contract hit the highest since Jan. 4 earlier in the session, riding on “spillover strength from the Dalian commodity exchange”, said a Kuala Lumpur-based trader, adding that a recovery in crude oil also helped the market.
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.
