Breaking News-RTRS-ANALYSIS-New Indonesia palm contract has hard row to hoe

JAKARTA/KUALA LUMPUR, Feb 22 (Reuters) - A planned new palm oil futures contract in Indonesia, the world's largest producer of the commodity, faces an uphill struggle against an established Malaysian rival and the imminent launch of a U.S. competitor.
The Indonesia Commodity & Derivative Exchange (ICDX) aims to launch the contract in April, but is chasing trading volumes of more than 4 million lots a month on Bursa Malaysia , the stock exchange in its neighbour.