14/09/2011 (The Star) -  Bursa Malaysia Derivatives (BMD)’s crude palm oil futures contract set a new record at the close of mid-day trading yesterday, with a total 4,072,384 contracts traded so far this year.

This surpassed the previous record of 4,064,361 contracts for the whole of 2010.

In a statement yesterday, Bursa Malaysia said this was the highest ever number of contracts traded annually since crude palm oil futures (FCPO) contracts started trading in 1980.

Open interest on FCPO contracts on BMD had risen steadily on the back of an even mix of players in the futures market.

It added that the last time open interest hit an all-time high was on July 15, 2011 with 136,602 contracts.