Rising Palm Oil futures supported by edible oils and crude oil prices

Palm oil futures rose on Thursday for a fourth consecutive session, supported by gains in rival edible oils and firmer crude oil prices.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange gained 17 ringgit, or 0.44%, to 3,894 ringgit ($817.72) in early trade.

Dalian’s most-active soyoil contract DBYcv1 gained 0.39%, while its palm oil contract DCPcv1 added 0.84%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.24%.

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

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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