InfoSAWIT, JAKARTA – On Friday (13/10/2023) Indonesia Crude Palm Oil (CPO) Exchange was officially launched. PT Bursa Komoditi Derivative Indonesia (ICDX) was in charge to operate it and realize the hope of Indonesia as CPO price determiner in the world.

“Indonesian CPO Exchange was established by hoping that Indonesia would have CPO reference price which is transparent, fair, and real time. The trade would be voluntary. There would be no for every company to get participate in but only suggestion for them to get CPO dignity in Indonesia,” Head of Commodity Futures Trading Supervisory Agency, Didid Noordiatmoko said when delivering his speech in Indonesian Derivative and Commodity launching that InfoSAWIT saw, Friday (13/10/2023).

Until now there have been eighteen palm oil plantation companies join as the members in Indonesian CPO Exchange, they are 1. PT Bakrie Sumatera Plantation Tbk. (UNSP); 2. PT Budi Nabati Perkasa; 3. PT Eagle High Plantation Tbk. (BWPT); 4. PT Duta Palma Nusantara; 5. PT Graha Inti Mas; 6. PT Sampoerna Agro Tbk. (SGRO); 7. PT Salim Ivomas Pratama Tbk. (SIMP); 8. PT Sari Dumai Sejati; 9. PT Sinar Mas Agro Resources and Technology Tbk. (SMART); 10. PT Wilmar Nabati Indonesia; 11. PT Energi Unggul Persada; 12. PT Jatim Jaya Perkasa; 13. PT Medcopapua Hijau Selaras; 14. PT TH Indo Plantations; 15. PT Citra Riau Sarana; 16. PT Tebo Indah; 17. PT Hennson Inti Persada; 18. PT Mitra Austral Sejahtera.

Director of PT ICDX, Nursalam said, fourteen new companies are dealing with permits to get into the exchange, both as, sellers and buyers.

Nursalam continued, there would be about 50 official companies as Indonesian CPO Exchange in this country. “There are lines about 14 companies until the late of 2023. We predicted the companies could be 50 members in the exchange” he said, as quoted from Bisnis.com. (T2)