Palm oil set for first daily gain

Malaysian palm oil futures climbed 2.54% on Tuesday, rebounding from their lowest close in more than three weeks marked in the previous session, as they tracked gains in rival oils on the Chicago Board of Trade (CBOT) and the Dalian Commodity Exchange.

The benchmark palm oil contract FCPOc3 for August delivery climbed 3% in the morning session, before paring some of the gains to trade at 3,989 ringgit ($962.83) a tonne by midday break. The index is set to deliver its first daily gain after four consecutive day of losses.

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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