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In June 2013, CME Group launched the USD Malaysian Crude Palm Oil Calendar Swap, which is based on prices from Bursa Malaysia Derivatives' Crude Palm Oil futures contract(FCPO), giving market participants direct access to the swaps market through specialist inter-dealer brokers focused on the palm industry.
Garuda s Operational Director Novianto Herupratomo has disclosed that the airline will utilize blended fuel, which will be produced by mixing crude palm oil (CPO) with avtur, aviation turbine fuel (ATF), to cut carbon releases intended at protecting environment and encouraging use of clean sources of energy.
Pedro Lacayo, Agrosa's CEO, said the industry exports crude palm oil to Mexico.
Vice Chairman PEORA, Mr Rasheed Jan Mohammed in his presentation pointed out the obstacles in the way of smooth and viable operation of the Refineries in Pakistan and informed the participants that the pertinent areas are anomaly in duty structure, issuance of timely quota of CPO export from Malaysia and uninterrupted supply of Crude Palm Oil to Pakistan.
The inclusion of RBD Palm Olein complements BSAS's existing commodities, namely the Crude Palm Oil and Plastic Resin.
Growth in population and in the fast food industries' business led to an increasing intake of oily food items and higher industrial demand for crude palm oil and so boosted import volume.
JFX plans to launch contracts for several agricultural products, including coffee, cocoa, crude palm oil and rubber in the first stage, with energy products like coal, diesel oil and ethanol to follow.
Currently, 15 of Sime Darby's 60 plantation 'strategic operating units' have the capacity to produce more than 500,000 tonnes of sustainable crude palm oil a year in total, and the producer intends to have them all certified by the end of 2011.