KUALA LUMPUR: Bursa Malaysia Derivatives (BMD) continued its string of all-time highs when the daily total trading volume for Crude Palm Oil Futures contract (FCPO) touched a new record of 113,668 contracts yesterday.
The figure surpassed the previous record of 107,062 contracts on Jan 28.
“We are pleased to witness another impressive historical high milestone in less than a month since the previous five trading records achieved in January 2020.
“This indicates a firm recognition of the continuing confidence in BMD as the global price benchmark market for CPO,” BMD acting CEO Samuel Ho said in a statement today.
He thanked market participants for the positive endorsement, as seen by the continued increase in participation interest to hedge price volatility against market uncertainties through BMD’s FCPO.
Malaysia is the world’s second-largest producer and exporter of palm oil with BMD’s FCPO strongly established as the global price benchmark for the crude palm oil market since 1980. – Feb 13, 2020, Bernama
