Malaysia’s palm oil futures rose for a fourth straight session on Wednesday, tracking gains in soy oil prices amid concerns over weak U.S. output, while investors awaited domestic export data for further cues.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange had risen 1.58% to 4,301 ringgit ($958.76) a tonne by the midday break.
Palm oil rose on the back of “spillover strength” from rival edibles oils on the U.S. and Chinese exchanges, 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.
