DJ Bursa Malaysia Plans Dollar CPO Contracts By Oct - Bernama

DJ Bursa Malaysia Plans Dollar CPO Contracts By Oct - Bernama
KUALA LUMPUR (Dow Jones)--Bursa Malaysia Derivatives, the country's
derivatives exchange, plans to introduce dollar-denominated crude palm oil
futures contracts in September or October, Bernama reported Monday.

Bursa Malaysia Chief Executive Yusli Mohamed Yusoff was quoted as saying that
the new product will be aimed at international investors interested in trading
in palm oil in U.S. dollars.

The exchange already has ringgit-denominated CPO futures contracts, which are
used as a benchmark for global palm oil pricing.

Malaysia is the world's biggest palm oil exporter.

Bursa's planned dollar-denominated CPO futures contracts would compete with
a similar product that started trading on Singapore's Joint Asian
Derivatives Exchange earlier this year.

So far, volumes on JADE, a joint venture between the Singapore Exchange and the
Chicago Board of Trade, have been poor, with less than 100 lots traded daily.



-By Benjamin Low; Dow Jones Newswires; (603) 2692 5254;
benjamin.low@xxxxxxxxxxxx -Edited by Marissa Chew (END) Dow Jones Newswires
July 30, 2007 05:07 ET (09:07 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.

.