FCPO Contract Specifications

Complete technical details for Crude Palm Oil Futures (FCPO) traded on Bursa Malaysia Derivatives

Contract Size
25 metric tonnes
Price Quotation
RM per metric tonne
Tick Size
RM 1 per metric tonne
Tick Value
RM 25 (RM 1 × 25 tonnes)
Contract Months
Spot month + 23 forward months
Trading Hours
Day: 10:30 AM - 12:30 PM, 2:30 PM - 6:00 PM
Night Session
8:00 PM - 11:30 PM (Mon-Fri)
Settlement
Physical delivery or cash settlement

Detailed Contract Information

📦 Product Description

The FCPO (Crude Palm Oil Futures) contract is based on Crude Palm Oil as defined under PORAM Trade Rules. It represents Malaysia's most actively traded agricultural commodity futures contract on Bursa Malaysia Derivatives.

⏰ Trading Hours

Day Session
Morning: 10:30 AM - 12:30 PM
Afternoon: 2:30 PM - 6:00 PM
Night Session
Evening: 8:00 PM - 11:30 PM
Monday to Friday

📅 Contract Months

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

Current spot month plus 23 consecutive forward months are available for trading.

💰 Price and Value Calculations

Minimum Price Movement (Tick)
RM 1 per metric tonne = RM 25 per contract
Example Calculation
If FCPO moves from RM 3,950 to RM 3,980 (30 points):
Profit/Loss = 30 points × RM 25 = RM 750 per contract
Contract Value
At RM 3,950 per tonne: 3,950 × 25 tonnes = RM 98,750 per contract

💵 Margin Requirements

Initial Margin
~RM 5,000
Per contract (approximate, varies by broker)
Maintenance Margin
~RM 4,500
Minimum to maintain position

Note: Margins are subject to change based on market volatility. Always verify current margin requirements with your broker.

📍 Delivery & Settlement

Delivery Point
Port Klang, Selangor (Peninsular Malaysia)
Last Trading Day
15th day of the contract month or the next business day if it falls on a non-trading day
Settlement Method
Physical delivery or cash settlement by mutual agreement

⚖️ Position Limits

Position limits are set by Bursa Malaysia to prevent market manipulation and ensure orderly trading. Limits vary based on trader type (speculator vs hedger) and contract month. Contact your broker for current position limit details.

💡 Trading Tips for FCPO

✓ Market Liquidity

Focus on the first 3 contract months (spot, +1, +2) for best liquidity and tightest spreads. Volume typically concentrated in nearest contract months.

✓ Volatility Awareness

FCPO can be highly volatile. Daily moves of 50-100 points are common during active markets. Always use stop losses and appropriate position sizing.

✓ Market Correlations

FCPO correlates with crude oil, soybean oil, and USD/MYR. Monitor these markets for directional clues and understand fundamental supply/demand factors.

✓ Roll Over Strategy

Plan to roll positions before last trading day. Monitor volume migration to next contract month typically 7-10 days before expiry.

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Disclaimer: Information provided is for educational purposes only. Always verify current specifications with Bursa Malaysia and your broker.

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Amaran Risiko: Dagangan niaga hadapan (futures) melibatkan risiko kerugian yang tinggi dan tidak sesuai untuk semua pelabur. Kerugian boleh melebihi deposit margin asal anda. Prestasi lampau bukan jaminan prestasi masa hadapan. Kandungan di laman ini adalah untuk tujuan pendidikan dan maklumat sahaja, dan bukan nasihat pelaburan. Pastikan anda memahami sepenuhnya risiko yang terlibat sebelum berdagang, dan dapatkan nasihat profesional jika perlu.