Tuesday, June 12, 2007

Malaysian Palm Oil Futures Open Interest Climbs to Record as Trade Surges

(Bloomberg) -- The number of outstanding palm oil
futures contracts on the Malaysia Derivatives Exchange reached a
record last week after trading volume in the world's most-traded
vegetable oil climbed to a new high.

Open interest, or contracts that have not been closed, on
the Bursa Malaysia Derivatives Exchange Bhd. totaled 101,536
contracts of 25 metric tons each on June 8, and 101,525 units on
June 11, the exchange said in a faxed statement.


Read more at Bloomberg Commodities News

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