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FPOL is a Free on Board ("FOB") physically delivered US Dollar (“USD”) denominated Refined, Bleached and Deodorised ("RBD") Palm Olein Futures Contract traded on Bursa Malaysia Derivatives ("BMD"). It allows traders and consumers to hedge against adverse price movement of palm oil, while refiners use FPOL to manage the refining margin between Crude Palm Oil against RBD Palm Olein.
BMD's Palm Complex offerings consolidate Malaysia's position as the leading price discovery centre for palm oil traded globally. Explore our product suite today.
Contract Specifications | |
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Contract Code | FPOL |
Underlying Instrument | RBD Palm Olein |
Contract Size | 25 Metric Tons (MT) |
Contract Months | Spot month and the next 5 succeeding months, and thereafter, alternate months up to 24 months ahead |
Trading Hours | 1st Session: 09.00 a.m. to 12.00 p.m. 2nd Session: 1.30 p.m. to 6.00 p.m. |
Pricing Unit | United States Dollar (USD) |
Minimum Price Fluctuation | USD 0.50 / MT |
Final Settlement | Physical Delivery |
Options Available | OPOL |
Why Trade FPOL? |
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FUPO is traded electronically on CME GLOBEX®, a global electronic trading platform. Accessing CME Globex® is easy and allows individual and professional traders anywhere around the world to access all BMD products.
Refineries and importers can use FPOL to manage risk and hedge against the risk of unfavorable price movement in the physical market.
Refiners can use FPOL alongside FCPO to manage their refining margins by locking in the refining margins in paper.
Gain leveraged exposure to the notional value of the underlying asset with a relatively small amount of capital (Initial Margin), magnifying the effect of a given change in price.
Global fund managers, commodity trading advisers and proprietary traders can gain exposure to one of the major edible oils markets in the world.
Trade with confidence in a secure and transparent marketplace regulated by the Securities Commission Malaysia.
Resources for Download |
Brochure
Traceability Document Alternative Delivery Notice Acceptance Notice
Delivery Notice
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