The exchange said the record demonstrated the strength behind bullish sentiment in the crude palm oil market.
PETALING JAYA: Daily open interest for Bursa Malaysia Derivatives Bhd’s benchmark price-setting crude palm oil futures (FCPO) reached an all-time high of 299,190 contracts on March 14, 2024, surpassing the previous high of 287,859 on Sept 10, 2014.
The exchange said this record demonstrated the strength behind bullish sentiment in the crude palm oil market.
It noted this coincided with a new peak in combined open interest for all products, totalling 360,132 contracts, exceeding the previous highest of 346,403 contracts on Feb 26, 2020
Bursa Malaysia Derivatives director Mohd Saleem Kader Bakas said, “This surge, particularly in the FCPO market, demonstrates our market’s capability to adapt and serve as a critical hub for effective price risk management.”
