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Johnny,

Hi, Tee here. Are you into COP or FUPO ...?

Hi Tee,
No volume and no open interest in FUPO. CPO futures is still the contract in the futures market although designated in Ringgit. Looks like FUPO cotract will be a big failure.
Don't really understand Bursa. They expect the new FUPO contract to fly without promoting it and there do not seems to have any market makers in place to even provide quotes for the new FUPO contract.
It's a waste as FUPO, being designated in US Dollar, could have generated international participation and provide an excellent hedging instruments with palm oil being traded in US Dollar.

Cheers........
Bert

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