PALMOILMAGAZINE, JAKARTA – The Chief of the Commodity Futures Trading Supervisory Agency (CFTSA), Didid Noordiatmoko, underlined the agency’s commitment to confirming the commencement of live crude palm oil (CPO) trading on Friday, October 20th.
He made this announcement during his participation in the Go Live CPO trading transaction held at the Indonesian Commodity and Derivative Exchange (ICDX) office.
Also present at the event were Olvy Andrianita, the Secretary of CFTSA, Tirta Karma Senjaya, the Head of the Coaching and Development Bureau at PBK, Farid Amir, the Director of Forestry and Agriculture Product Export, as well as directors from ICDX and Kliring ICH.
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“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 Palmoilmagazine.com, 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)
