The Indonesian CPO Exchange seeks to establish its own price reference, but with a goods delivery mechanism that is regulated by business actors themselves.
Please note that this article was automatically translated using Microsoft Azure Open AI and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atThe following article was translated using both Microsoft Azure Open AI and Google Translation AI. The original article can be found into provide a physical market for CPO, Friday .
The Indonesian Commodity and Derivatives Exchange as the exchange and clearinghouse institution like ICH handed over the mechanism of delivering CPO directly from seller to buyer according to the existing contract, without involving public tanks. At 10:40, CPOLDI successfully received a sale and traded for 4 lots or 100 metric tons equivalent to 100,000 kilograms. The agreed price by the seller was IDR 11,305 per kilogram. This means they purchased crude palm oil worth IDR 1.13 billion. The cost already includes the shipping cost by the seller to the buyer's tank.
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