KUALA LUMPUR: Bursa Malaysia Derivatives Bhd has completed the first physical delivery of its East Malaysia crude palm oil futures contract (FEPO), with a total of 10 contracts, representing 250 tonnes of crude palm oil (CPO) transacted at one of the approved port tank installations (PTIs) in Bintulu, Sarawak.
The exchange said the PTI is operated by Biport Bulkers Sdn Bhd, a wholly owned subsidiary of Bintulu Port Holdings
, which is a public listed company that manages and operates the vegetable oil bulking terminal that caters for the rapidly growing palm oil industry in Sarawak.
It said the first physical delivery was completed on June 10.
"The physical deliveries under the FEPO contract have successfully taken place in all three PTIs in East Malaysia, namely Sandakan, Lahad Datu and Bintulu,” it said in a statement today.
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