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NEW ENHANCEMENTS TO CRUDE PALM OIL FUTURES CONTRACT (FCPO) ANNOUNCED AT 29th PALM & LAURIC OILS PRICE OUTLOOK CONFERENCE & EXHIBITION

06 Mar 2018

KUALA LUMPUR, 6 March 2018 –  The much anticipated global annual Palm & Laurics Price Outlook Conference & Exhibition (“POC2018”) event by Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) officially commenced today. The event was officiated by Minister of Plantation Industries & Commodities YB Datuk Seri Mah Siew Keong and has successfully attracted over 2,000 delegates across 50 countries. 

POC2018, Bursa Malaysia’s flagship annual event is held from 5 – 7 March 2018 at Shangri-La Hotel, Kuala Lumpur. Themed “Price Disruption – Take Control, Manage Volatility”, POC2018 is designed as a collaborative platform that brings together policy makers, thought leaders and delegates from all over the world to discuss the challenges and new opportunities that will set the direction for the global palm oil industry in 2018.

In conjunction with the opening of POC2018, Bursa Malaysia has introduced new enhancements to further strengthen Crude Palm Oil Futures Contract (“FCPO”). These enhancements to the FCPO contract specification, effective since 26 February 2018, are as follows: 

Chief Executive Officer of Bursa Malaysia, Datuk Seri Tajuddin Atan said, “Enhancements to the FCPO contract specification is timely and in line with current market developments and industry need. The new traceability requirement in the FCPO facilitates self-declaration by sellers of FCPO contracts who wish to be involve in physical delivery, which aligns to the requirements and processes of MPSO. We have made it an integral part of our strategy to ensure that our initiatives are geared towards the sustainability of palm oil throughout the supply chain.”

“Bursa Malaysia will continue to carry on our commitment to further develop a sustainable marketplace by improving our ecosystem and enhancing our products. This initiative will further strengthen the FCPO as a preferred hedging tool among the world’s edible oil traders and continue to position the Exchange as the leading benchmark for the world’s palm oil price discovery marketplace.” Datuk Seri Tajuddin added. 

For more information on the FCPO contract specification revamp, visit http://www.bursamalaysia.com/market/derivatives/products/commodity-derivatives/crude-palm-oil-futures-fcpo/