Bursa Malaysia Derivatives: derivatives exchange in Kuala Lumpur
Bursa Malaysia Derivatives in Kuala Lumpur is an important reference market for palm oil. Kuala Lumpur, Malaysia · International crude palm oil benchmark.
AGR-011 · Derivatives exchange · Kuala Lumpur, Malaysia · MYR; USD for some products
International crude palm oil benchmark
Bursa Malaysia Derivatives in Kuala Lumpur is an important reference market for palm oil. Its best-known FCPO contract covers crude palm oil and is quoted in Malaysian ringgit. The market is relevant to producers, refiners, exporters and industrial users of oils. Its information value extends beyond Malaysia because palm oil prices influence comparisons across the vegetable-oil complex. This does not mean that palm oil, soybean oil and used cooking oil are interchangeable commodities without further commercial or technical conditions.
A standard FCPO contract represents 25 metric tonnes. The broader offering includes other oil-related instruments with different currencies, reference prices and settlement arrangements. Product symbols are retained in the spreadsheet to distinguish these variants. The existence of a specification does not guarantee substantial trading in every expiry. Check activity in the actual series and identify the exact instrument rather than relying on a general label such as palm oil price. The relevant processing stage and delivery basis must remain visible in a comparison.
A physical purchaser should agree the refining stage, quality parameters, quantity, tank or packaging arrangement and delivery destination with the supplier. FCPO can anchor a negotiation, but does not automatically include ocean freight, insurance or a buyer’s traceability requirements. A seller should identify the benchmark month and the moment at which the price will be fixed. If the payment currency differs from MYR, currency movements can affect the final cost independently of changes in the oil price. Both components therefore belong in the commercial calculation, together with any agreed quality premium or discount.
Exchange participation requires an appropriate broker and financial collateral. Before using physical delivery, review current rules, approved facilities and deadlines. The official FCPO page provides instrument and market information, while detailed data access may use licensed channels. In the statistics, distinguish annual turnover from open interest measured on the last day of the year. Both indicators are useful, but they answer different questions about activity and outstanding exposure. A practical purchase or sale proposal should specify the commodity, quality, period and delivery conditions, with an explicit price reference. For recurring procurement, keep a record of the supplier differential as well as the benchmark, because changes in local availability, processing costs or shipping capacity may appear first in that differential.
What is priced: Vegetable oils and olive oil
Where to find the prices
Products and quotations
Crude palm oil FCPO; Options on FCPO; East Malaysia palm oil FEPO; USD palm oil FUPO; Palm olein FPOL; Soybean oil FSOY; Used cooking oil FUCO
Key figures
- FCPO futures volume: 19,617,257 contracts (2025). Crude palm oil.
- FCPO open interest: 258,194 contracts (31). 12.2025. Year-end stock, not an annual sum.
Sources
- Bursa Malaysia — 2025 annual report
- Bursa — FCPO contract
- Bursa — agricultural specifications
- Bursa — rules
All agricultural exchanges, markets and price sources
