Palm Oil’s Entry into the Exchange
The first trading at the CPO exchange was still dull, with limited transactions. The government expects the CPO exchange to create a fair price.
Aisha Shaidra
October 23, 2023
SINCE the government officially launched a crude palm oil (CPO) futures exchange platform on October 13, Yugieandy Tirta Saputra has been overwhelmed with busy schedules. The Director of Indonesia Commodity & Derivatives Exchange (ICDX) had been contacting 18 companies as members of the CPO exchange daily to ascertain their preparedness for transactions. “We were calling them one by one,” he told Tempo on Friday, October 20.
Yugi
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