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What does palm oil 1905 mean?

Palm oil 1905 refers to a futures contract listed on the Dalian Commodity Exchange, which represents the upcoming delivery month of palm oil in May 2019. The following will describe Palm Oil 1905 from three aspects: its positioning, origin and application fields.

Palm oil 1905 is a futures contract. Futures is a financial derivative and a standardized contract traded in the futures market. In the commodity trading market, palm oil is positioned as one of the commodities such as crude oil and gold. Due to the increasing market demand, the Palm Oil 1905 contract continues to attract market attention and has become one of the most active futures in the world.

Palm oil is produced in Southeast Asia and Africa. Malaysia and Indonesia are the countries with the highest palm oil production in the world. In Malaysia, palm oil is not only the agricultural product that contributes the largest amount of domestic foreign exchange, but also one of the country’s pillar industries in recent years. The rich natural resources in Southeast Asia, especially the production capacity of palm oil, have also made the region become the main supplier of palm oil in the international market.

Palm oil has a wide range of applications, the most important of which is the food processing industry. As an important component of edible oil, palm oil is used in the manufacturing of vegetable oil products and other food industries. In addition, palm oil can also be used in the production of bioenergy and daily necessities. Therefore, the trend of palm oil futures contracts is also closely related to the development of global food processing, biofuels and other fields.

In short, the Palm Oil 1905 contract is a futures contract that cannot be ignored. Its positioning, origin and application fields have a profound impact on its trend. By continuously paying attention to the futures contract and tracking the information obtained, we can better grasp the global economic development trend and achieve investment risk control and value growth.