Bursa Malaysia Derivatives Bhd has commenced trading of the Bursa Malaysia DCE Soybean Oil Futures contract.
DCE operates the world’s most liquid soybean oil futures contract. The relative prices of palm and soybean oils, the two most widely consumed edible oils, are important for market players particularly food manufacturers, as the oils are frequently used interchangeably as recipe ingredients. “In addition to our existing futures contracts, market participants can now leverage FSOY as a risk-management tool to hedge against price fluctuations in times of market volatility and evolving complexities of international markets,” he said in a statement today.
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