Benjamin Foo, CEO of JADE, said, “This contract is a result of market feedback and research involving global participants in the physical crude palm oil market. Its design will meet the growing international demand for risk management tools for crude palm oil from producers, processors and the emerging bio-fuel industry.”
This is the first time that a CPO futures contract will be listed for trading during the US trading day, enabling more hedgers and traders to trade the contract. It will provide a fair and transparent platform for price discovery in CPO and allow commercial hedgers to trade JADE CPO futures and CBOT Soybean Oil futures concurrently to manage their edible oils price risk.