The Bursa Malaysia Derivatives Exchange manages Malaysia’s crude palm oil futures contract (FCPO), which sets the global price benchmark for the world’s cheapest and most widely used edible oil. KUALA LUMPUR: Malaysia plans to launch a new palm oil futures contract in the third quarter, allowing traders in the nation’s two largest palm producing states greater price discovery and a viable option for physical delivery. The Bursa Malaysia Derivatives Exchange manages Malaysia’s crude palm oil futures contract (FCPO), which sets the global price benchmark for the world’s cheapest and most widely used edible oil. “The (new) contract mirrors most of the FCPO specifications, with enhancements made to benefit Sabah and Sarawak palm oil players, ” said Samuel Ho, CEO of Bursa Malaysia Derivatives.