MARKET DEVELOPMENT
Crude Palm Oil Futures Hit All-time High
Crude Palm Oil Futures Hit All-time High
21/06/2011 (Bernama) - Open interest for crude palm oil futures (FCPO) on Bursa Malaysia Derivatives (BMD) hit an all-time high of 115,257 contracts on Monday, surpassing the previous record of 113,415 contracts on June 10, 2011.
"This is due to stronger interest in FCPO contracts by local and international traders and increasing hedging activities in the market," Bursa Malaysia said in a statement.