BLBG:Crude Palm-Oil Futures Volume Reaches Record 63,019 Contracts
Crude palm-oil futures traded a record 63,019 contracts on the Malaysia Derivatives Exchange today, surpassing the previous all-time high of 48,741 contracts on Nov. 17, the bourse said.
“This is attributed to increased hedging activities resulting from the volatility and uncertainty” in global markets, it said in a statement sent by e-mail.
The size of each contract is 25 metric tons.
To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net
