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Is it legal for COFCO to entrust olive oil?
Legal. Palm oil futures traded by COFCO Futures are legal. Palm oil is a futures product listed by the big business. The trading unit is 10 ton/lot, and the minimum quotation unit is 2 yuan/ton. COFCO Group Co., Ltd. is a large state-owned enterprise directly under the central government of the same age as New China, a leader in China's agriculture and grain industry, and an international grain merchant with global layout and whole industrial chain.