Palm oil rises nearly 2% on crude rally

Malaysian palm oil futures snapped two days of losses on Wednesday, lifted by a rally in crude futures and top producer Indonesia implementing new rules to control exports of the edible oil.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange closed up 91 ringgit, or 1.81%, at 5,125 ringgit ($1,222.86) a tonne.

Earlier in the day, it rose as much as 3.2% to its highest since Oct. 21.

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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