Bursa Malaysia to launch East Malaysia crude palm oil contract in October
KUALA LUMPUR (Aug 20): Bursa Malaysia plans to launch East Malaysia crude palm oil contract this October.
According to Reuters, the contract is expected to benefit traders in the country’s two largest palm oil producing states and the exchange of its derivatives.
Bursa Malaysia Derivatives Exchange (BMD) manages the Malaysian Crude Palm Oil Futures Contract (FCPO), which sets the global price benchmark for the cheapest and most widely used edible oil in the world.
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