Indonesia’s planned commodity exchange likely to cover palm oil, nickel, coal
President Prabowo announced the plan during his 2027 budget proposal speech on Aug 14
Indonesia is set to launch a commodity exchange on January 1, 2027, with plans to include key resources such as palm oil, nickel, and coal, according to a presidential spokesperson. President Prabowo Subianto made the announcement during his 2027 budget proposal speech on August 14, emphasizing the government's goal to establish a reference price for vital commodities to bolster economic growth.
As Southeast Asia's leading exporter of palm oil, thermal coal, and nickel, Indonesia is also a significant supplier of coffee beans, bauxite, tin, and copper. The Financial Services Authority (OJK) will establish rules for the exchange by September 17, with the government currently finalizing the specifics, including the exact commodities to be traded.
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