Products

Crude Palm Oil Futures

The APEX Crude Palm Oil Futures Contract is the second in the palm oil series and also holds similar features to the first product, APEX RBD Palm Olein Futures Contract. APEX Crude Palm Oil Futures will operate in parallel with the APEX RBD Palm Olein Futures and increase the arbitrage opportunities available in the palm oil market.

APEX Crude Palm Oil Futures Contract Specifications

Contract Code CPF
Contract Size 10MT / Contract
Quote Currency USD
Minimum Price Fluctuation US$0.25 / MT
Trading Hours

Singapore time trading sessions: Singapore Business Days
Monday – Friday, Excluding Singapore public holidays

08:55am – 08:59am (Pre-opening Session)
08:59am – 09:00am (Opening Match Session)
09:00am – 12:30pm (Morning Session)
13:30pm – 18:00pm (Afternoon Session)


Trading of a Contract shall cease at 18:00pm on its Last Trading Day

Daily Price Limit

+/-10% of Last Settlement Price. There shall be no Daily Price Limit in force for a Contract on its Last Trading Day.

Contract Series Monthly Contracts (12 consecutive months Contracts)
Last Trading Day The 15th Calendar Day of the Front Contract Month if it is a Business Day, otherwise the preceding Business Day
Delivery Method Physical delivery FOB at any APEX Approved Ports as listed in ANNEX A on APEX's website
Minimum Deliverable Size 50 Contracts (i.e. a total of 500 MT)
Initial Margin Based on SPAN (Click to see Margin Schedule)
Last Delivery Day The last Calendar Day of Delivery Month
Maximum Order Size 500 Contracts per order

RSPO Certified Growers/Processors

1) About RSPO

Roundtable on Sustainable Palm Oil (RSPO) is a not-for-profit that unites stakeholders from the 7 sectors of the palm oil industry: oil palm producers, processors or traders, consumer goods manufacturers, retailers, banks/investors, and environmental and social non-governmental organisations (NGOs), to develop and implement global standards for sustainable palm oil.

The RSPO has developed a set of environmental and social criteria which companies must comply with in order to produce Certified Sustainable Palm Oil (CSPO). When they are properly applied, these criteria can help to minimize the negative impact of palm oil cultivation on the environment and communities in palm oil-producing regions.

The RSPO has more than 4,000 members worldwide who represent all links along the palm oil supply chain. They have committed to produce, source and/or use sustainable palm oil certified by the RSPO.

 

2) Affiliate member of RSPO

As an effort to promote the sustainability of the production and use of palm oil, APEX has become an affiliate member of RSPO on 17 July 2020.

 

3) Automatic approval of RSPO Certified Growers/Processors as APEX Approved Suppliers

As an effort of APEX to promote the sustainability of the production and use of palm oil, and in recognition to the credibility of the sustainability certification process through the RSPO Principles and Criteria Certification, the Clearing House has decided that all RSPO Certified Growers/Processors will be automatically approved as Approved Suppliers and allowed to supply Crude Palm oil for APEX Crude Palm Oil Futures Contract and RBD Palm Olein for APEX RBD Palm Olein Futures Contract respectively.

Please refer to RSPO website for the latest list of Certified Growers and Processors.