Palm oil

Palm oils are plant oils derived from the fruits of palm trees. Palm oil is extracted from the pulp of the fruit of the oil palm; palm kernel oil is derived from the kernel (seed) of the oil palm. Palm oil is naturally reddish in color because it contains a high amount of beta-carotene. Palm oil is a common cooking ingredient in the tropical belt of Africa.

SymbolAPO
Contract size5, 10, 20 metric tons
Price QuotationKES,UES, EURO,USD per metric tons
Contract ListingsMarch, May, July, September, December
Min. price movement0.25USD/metric ton
SettlementCash settled
Daily price limitNone
First trading dayA new contract month shall be eligible to be listed for trading on the first business day of the calendar month that proceeds the contract month by 24 calendar months.
First notice dayTen business days prior to first business day of delivery month.
Last trading dayOne business day prior to last notice day.
Last notice dayTen business days prior to last business day of delivery month.
Position limitsPosition limit 15% of open market contracts.
Maintenance marginAll maintenance margin requirements and calculations will be based on the settlement price determined according to this rule

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