Malaysian palm oil futures opened higher on Monday, tracking gains in rival Dalian oils and helped by a softer ringgit.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange rose 27 ringgit, or 0.73%, to 3,708 ringgit ($791.80) a metric ton in early trade. The benchmark declined 2.75% last week.
Dalian’s most-active soyoil contract DBYcv1 rose 1.14%, while its palm oil contract DCPcv1 increased 1.27%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.4%.
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.