PALMOILMAGAZINE, JAKARTA – As per document number 387/SEB/BKDI-ICH/X/2023 issued by PT Bursa Komoditi dan Derivatif Indonesia, the physical trading of crude palm oil (CPO) on the CPOTR exchange has been postponed.
The document states that this decision is due to adjustments made to the CPOTR Exchange Specification, aligning it with the regulations governing CPO physical contracts managed by PT Bursa Komoditi dan Derivatif Indonesia (BKDI) and PT Indonesia Clearing House (ICH).
Consequently, BKDI and ICH have jointly decided to delay the implementation of the CPOTR exchange contract, as originally scheduled for Tuesday, October 24, 2023, as outlined in the document.
It would be available until the revision of adjustment got agreement from Commodity Futures Trading Supervisory Agency.
The document also emphasized that the regulation in the Circulars could be substituted over the time. The copy document that Palmoilmagazine.com got, the postponement was signed by Director of PT BKDI, Nursalam and Director of ICH, Megain Wijaya. (T2)