13.10.2019 (Successful Farming) - KUALA LUMPUR, Oct 14 (Reuters) - Singapore-based Asia Pacific Exchange (APEX) completed the first physical delivery of its crude palm oil futures contract, the company said in a press statement on Monday.

* The shipment, with free-on-board delivery terms, comprised 7,000 tonnes of crude palm oil that were loaded from Indonesia's Batam Port for delivery to India, the world's biggest edible oil importer.

* APEX, which is Singapore's third derivatives exchange, started its operations in May 2018 with its U.S. dollar-denominated palm olein futures contract.

* It launched its U.S. dollar-denominated crude palm oil contract in April with free-on-board delivery terms.

* The exchange is keen to give Southeast Asian sellers and international players access to Chinese buyers, and hopes that its U.S. dollar-denominated contracts will provide traders other options beyond benchmark ringgit-denominated contracts. (Reporting by Emily Chow, Editing by Sherry Jacob-Phillips)