Malaysian palm oil futures jumped to a near five-week closing high in the first trading session of the year, underpinned by production slowdown and tighter Indonesian supply.
The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 81 ringgit, or 1.94%, to 4,255 ringgit ($966.61) a tonne on Tuesday.
The contract averaged 4,190 ringgit ($952.27) in 2022, and logged its first annual decline in four years.
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.
