Open interest for crude palm oil futures (FCPO) on Bursa Malaysia Derivatives (BMD) hit yet another all-time high of 130,833 contracts on 7 July 2011, a day after it reached the previous record of 125,009 contracts on 6 July 2011.
BMD has seen a steady increase in open interest since May 2011 as palm oil producers hedge against the softening of palm oil prices in the cash market.