Palm Oil is a kind of vegetable oil extracted from palm tree. It contains saturated fats in heavy amount and like soybean oil, it is maximum extensively produced worldwide. Indonesia and Malaysia produced palm oil 80% of global production and maximum of this production is used for sell overseas.
Palm oil contains many qualities for making it fascinating product for investment. It is most commonly used in cooking food. India is one of the greatest producer of palm oil throughout the world.
Palm oil futures contract was firstly introduced on Bursa Malaysian Derivatives exchange. The contract codes are FCPO (Crude palm oil futures), FUPO (USD Crude palm oil futures), and FPKO (Crude palm kernel oil futures).
Supply and demand ratio affects the rates of palm oil. The market remains extremely active for crude palm oil and offers good chances for trading to experienced and new investors.