New CPO futures contracts cannot match ours

PETALING JAYA: It will be difficult for newly set-up international crude palm oil (CPO) contracts to rival Bursa Malaysia Bhd’s CPO futures (FCPO) contract, which is the global benchmark pricing for CPO and its related products, say market players.

Apart from Bursa FCPO, CPO contracts abroad are traded on the Dalian Exchange in China, Multi Commodity Exchange in India and the Joint Asian Derivatives Exchange (JADE) in Singapore.