Malaysia’s Kuala Lumpur Commodity Exchange (KLCE) has announced its plans to launch new fertilizer futures contracts that will be accessible for international market users. The contracts will be available for trading once all trading conditions are confirmed.
For its platform, KLCE has created a portfolio of financial-settled fertilizer futures, including products for the Chinese and Middle East markets, according to a Sept. 16 statement by the exchange. These products will be available on the KLCE trading platform and sit alongside other agricultural products on the exchange, including cocoa futures and options.
The contracts will be cleared through KLCE Clearing, KLCEs dedicated overseas clearinghouse.
“These contracts build on KLCE’s expertise in developing agricultural products, including our existing suite of fertilizer swaps. Customers using these contracts will be eligible for capital efficiencies and margin offsets through clearing services on KLCE Clearing,” said Chew Guo-liang, Executive Director, Agricultural Commodities and Alternative Investments, KLCE.