Malaysian palm oil futures extended early gains on Wednesday, logging its highest intraday rise in four weeks, as the market benefited from an increase in early November exports.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed 131 ringgit, or 2.73%, higher at 4,923 ringgit ($1,185.84) a tonne.
Highly anticipated data from the Malaysian Palm Oil Board (MPOB) met market expectations, with end-October palm oil stocks rising 4.42% from the previous month to 1.83 million tonnes.
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.
