CME Group, the world’s leading derivatives marketplace, announced a total of 100 contracts of the South Asia Crude Palm Oil (Fastmarkets) futures traded as a block between Avere Commodities and Olam Agri, brokered by ICAP, on March 5, 2026. CME Group launched its four new South Asia edible oil futures contracts, which are available for trading, on March 2, 2026.
“We’re pleased to see early industry support for our new South Asia edible oils futures contracts,” said John Ricci, Managing Director and Global Head of Agricultural Products, CME Group. “The addition of these contracts provides South Asian market participants with enhanced price discovery and risk management capabilities and will further support their investment and hedging strategies.”
“At Avere, our traders and management team are always exploring new products and expanding the markets in which we participate,” said Preston MacKenzie, Senior Trader, Vegetable Oils, Avere Commodities. “CME Group’s exchange-cleared products that represent cash markets are great tools to add to our portfolio.”
“Being the largest shippers of vegetable oils to India, we embrace the addition of another tool to optimize our hedging strategies,” said Rix Hufman, Senior Tropical Oils Trader at Olam Agri.
“We’re proud to be the first firm to broker this new product,” said James Mckay, Co-Head, APAC Ags, Softs & Biofuels at ICAP. “It’s an important first step in developing new and innovative ways for our customers to manage their risk in these volatile and ever-changing markets.”
“As these new soybean and palm oil futures contracts take off, IVPA is proud to be part of a historical innovation that makes effective risk management possible for the Indian vegetable oils industry,” said Sudhakar Desai, President of the Indian Vegetable Oil Producers’ Association (IVPA). “We envision these becoming the global benchmarks that other major destinations adopt for buying and selling CIF India contracts.”
The four new cash-settled products launched on March 2, 2026 include two outright contracts and two spread contracts that are based on the Fastmarkets Soyoil CFR India and Crude Palm Oil CFR West Coast India assessments:
- South Asia Soybean Oil (Fastmarkets) Futures
- South Asia Crude Palm Oil (Fastmarket) Futures
- South Asia Soybean Oil (Fastmarkets) vs. CBOT Soybean Oil Futures
- South Asia Crude Palm Oil (Fastmarkets) vs. USD Malaysian Crude Palm Oil Futures
Source: CME
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