Malaysian palm oil futures have moved higher, with the benchmark April contract recently trading above MYR 4,100 per tonne. Prices are being supported by expectations of lower production and a pickup in exports, helping to offset headwinds from currency strength and high stock levels.
Traders are positioning around a likely drop in January output, with estimates suggesting a decline of up to 17% from December. This seasonal slowdown comes ahead of key consumption periods linked to Lunar New Year and Ramadan, which typically drive demand higher. The combination of tighter supply and rising downstream buying interest has shifted short-term sentiment.
Export performance has improved, with private surveyors reporting stronger shipment volumes in the first three weeks of January. This reinforces the view that demand is stabilising after a period of slower movement, and could support prices if the trend holds through month-end.
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.
