Crude palm oil (CPO) futures have remained strong on Bursa Malaysia Derivatives for the past 25 years and will continue to be the world's largest derivatives exchange dealing in palm oil contracts.

As petrol prices increase, the global demand for more sustainable energy sources will also rise. Malaysia is the world's largest palm oil producers and palm oil is the world's most traded vegetable oil.

Trading volume was far from what we wanted. Velocity was very low, at about 25 per cent (for the whole of 2005).

Crude as oil is our responsibility.

The firmer tone for crude futures should underpin the market at the open.

I think it is easily conceivable that we could see crude futures hit $70 this week.