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俄罗斯银行账户( Malaysia Palm Oil Futures to meet needs of East Malaysia CPO market


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,SIBU: East Malaysian Crude Palm Oil (CPO) production has grown significantly over the years and has accounted for nearly 45% of the country's CPO production in Malaysia as a whole.However, due to the lack of delivery ports in East Malaysia, most of the palm oil companies in East Malaysia trade very little of the Crude Palm Oil Futures (FCPO) contract.In this regard, Bursa Malaysia (BMD) has decided to make available East Malaysia ports as approved delivery points for the FCPO contract.In order to meet the needs of the East Malaysia CPO market, the upcoming new contract the East Malaysia Palm Oil Futures (FEPO) will provide greater price discovery to the East Malaysian market, where crude palm oil is typically sold at a discount to spot prices in peninsular Malaysia.FEPO will directly solve various concerns and attract trading so that these palm oil companies can hedge their positions in the physical CPO market. FEPO will launch as an entirely separate contract from FCPO.The FEPO contract is similar to the existing palm oil contract, but comes with a longer trading session, half the position limit and different delivery points. The FEPO contract would also encourage more arbitrageurs in the market because there would be greater opportunities for arbitrage trading between FCPO and FEPO.The current FCPO contract starts trading at 10:30 a.m. while the morning session of FEPO will start trading earlier at 9 a.m. (0100 GMT) to coincide with Chinese trading hours. FEPO contract will cater for physical deliveries in the East Malaysian states of Sabah and Sarawak through three designated ports.The ports are located in Lahad Datu (Sabah), Sandakan (Sabah) and Bintulu (Sarawak).FEPO is a derivatives contract between a buyer and a seller to take and make delivery respectively of CPO at a future date. It is a physically-settled contract, which means that upon expiry of the contract, the seller of the contract will deliver the crude palm oil whilst the buyer of the contract will take delivery of the crude palm oil.To meet evolving customer needs, Phillip Futures will be offering the East Malaysia Crude Palm Oil Futures (FEPO) contract once it has been launched. Phillip Futures, headquartered in Kuala Lumpur, has branches located in Kota Damansara, Johor, Penang, Melaka, Kuching, and Sibu.


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