Palm snaps three-day fall

Malaysian palm oil futures rose on Tuesday after falling for three straight sessions, but weaker rival vegetable oils and a firmer currency limited gains.

The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange climbed 41 ringgit, or 1.08%, to 3,826 ringgit ($854.97) a tonne by midday.

“Palm rose more on pull-back after a fall for three consecutive days and the markets are oversold,” a Kuala Lumpur-based trader said.

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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Dekel Agri-Vision plc

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