InfoSAWIT, JAKARTA – Head of Commodity Futures Trading Supervisory Agency (CFTSA), Didid Noordiatmoko emphasize that CFTSA wanted to confirm that crude palm oil (CPO) exchange started operating live on Friday (20/10). He told it when attending Go Live CPO trading transaction through Indonesian CPO Exchange at the office of Indonesian Commodity and Derivative Exchange (ICDX).
He was with Secretary of CFTSA, Olvy Andrianita; Head of Coaching and Development Bureau PBK Tirta Karma Senjaya; Director of Forestry and Agriculture Product Export, Farid Amir; directors of ICDX and Kliring ICH.
“The point is that CFTSA makes sure that CPO exchange started operating and running. This is the realization of Indonesian CPO Exchange that was launched on 13 October 2023 by Minister of Trade. CFTSA would monitor every transaction every day,” Didid said, as in the official statement to InfoSAWIT, Saturday (21/10/2023).
He also mentioned, the exchange started operating faster than it was scheduled on 23 October 2023. The next CFTSA target in the first quarter.
CPO price reference in 2024 would be got to be used by many parties.
“We started today to get CPO physic trade. We hope this could run well and kinds of contract would be various. We hope to improve the systems in phase,” Didid said. (T2)