With the launch of futures on Crude Palm Oil (CPO), CME Group customers will be able to trade the world's most-consumed edible oil in a cash-settled, dollar-denominated contract, with the safety and liquidity of CME Group.
This expansion of the edible oil product suite also creates opportunities for cross-trading with soybean oil based on the historically strong correlation between these products. Together, crude palm oil and soybean oil account for about 61 percent of all the edible oil in the world, with palm kernel oil an additional 4 percent of oil consumed.so please you can contact us for more detail.
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