CPO futures likely to hit 1 million lots by mid-year

CRUDE palm oil (CPO) futures traded on the Malaysia Derivatives Ex- change (MDEX) are likely to hit a total turnover of one million lots by the middle of this year, according to Primary Industries Minister Datuk Seri Dr Lim Keng Yaik. 

“It will not be difficult for MDEX to achieve this as the total volume of CPO futures transacted last year was 909,073 lots, representing an underlying notional amount of 22.73 million tonnes of CPO traded,” he said.