A no-win game in oil palm schemes

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange rose 0.8 percent to 2,839 ringgit ($670.21) a tonne on Monday evening, a fourth straight session of gains. It rose to a high of 2,855 ringgit in its early session, the strongest since Sept. 15. Traded volumes stood at 34,818 lots of 25 tonnes each at the close of trade.

Investors in Golden Palm Growers are the latest casualties as the management company proposes early termination.

Salient points