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Visit comprehensive Crude Palm Oil product pages
See Weekly Edible Oil Report on Soybean Oil and Crude Palm Oil
With the launch of futures on Crude Palm Oil (CPO), CME Group customers will be able to trade the world’s most-consumed edible oil in a cash-settled, dollar-denominated contract, with the safety and liquidity of CME Group.
This expansion of the edible oil product suite also creates opportunities for cross-trading with soybean oil based on the historically strong correlation between these products. Together, crude palm oil and soybean oil account for about 61 percent of all the edible oil in the world, with palm kernel oil an additional 4 percent of oil consumed.
See Jakarta Globe article, "Indonesian Palm Oil Must Surge ‘Rapidly’ to Moderate Demand"
New whitepaper: An Overview of the Edible Oils Markets: Crude Palm Oil vs. Soybean Oil
Both production and consumption of palm oil are growing. The main producers of the oil are Malaysia and Indonesia. The main consumers are China and India. Crude palm oil is widely traded and used around the world. It serves primarily as cooking oil but is also used to make soap, washing powders, personal care products and biodiesel.
Final Cash Settlement prices will be based on the Bursa Malaysia Derivatives Berhad Crude Palm Oil futures contract (FCPO). This is the global benchmark for crude palm oil that is physically delivered and traded in Malaysian ringgits.
Note: Nearby CPO futures will reference the third forward FCPO month.
Key features of Crude Palm Oil futures:
- Dollar-denominated
- Cash-settled
- Electronically traded on CME Globex
- Safety and liquidity of CME Group
- Contract months that mirror and settle to the ringgit-denominated physically delivered Bursa Malaysia contract (FCPO)
- Reduced capital requirements due to cross product margin efficiencies with other CME Group contracts
| Crude Palm Oil Futures Contract Specifications Crude Palm Oil Futures Rules Crude Palm Oil Futures Fact Card Crude Palm Oil Futures Frequently Asked Questions |
For more information, please contact:
| Chicago Office Susan Sutherland Associate Director Agricultural Products and Services 312-930-2325 susan.sutherland@cmegroup.com |
London Office Jeffry Kuijpers Director Agricultural/Alt. Investment Products +44 207-796-7108 jeffry.kuijpers@cmegroup.com |
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