Malaysian palm oil futures briefly touched a record high of 5,700 ringgit per tonne in early trade on Monday before encountering light profit-taking, as traders tried to factor in reduced supplies from top producer and exporter Indonesia.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange ended the pre-Lunar New Year holiday half-day trading session down 0.73% at 5,587 ringgit ($1,331.19) per tonne. The Bursa will remain closed until Feb. 3.
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.
