DCE to launch CPO at month’s end

18 Oct 2007 email

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Dalian Commodity Exchange (DCE) plans to launch its crude palm oil futures contract on 28 October following regulatory approval.

DCE received approval last week for the physically delivered contracts and has since announced its launch date.

It is understood that DCE’s product is intended to appeal initially to local consumers and traders as the country is the world’s largest user of the commodity

“At this point in time, we will not be supporting this [parliamentary] inquiry. But we put it on notice that in a future time, which we envisage will be in the next four weeks or so, we will, unless Wayne Swan does the bleeding obvious and stops this going forward,”

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