InfoSAWIT, MINAHASA – To escalate the understanding and participation of every planter in the implementation of Indonesian Crude Palm Oil (CPO) Exchange, Commodity Futures Trading Supervisory Agency (CFTSA) Ministry of Trade did literacy forum to discuss about general description about Indonesian CPO Exchnage within clear and deep understanding about trade transaction that was delivered by the experts.

Secretary of CFTS represented by Examiner of Commodity Future Trading Associate, Danny Agus Setianto delivered general description about it. Then Vice President in Research and Development PT Bursa Komoditi dan Derivatif Indonesia (BKDI), Isa Abiyasa Djohari told technical details in CPO trade transaction.

Danny told that it is important to get CPO reference price to support fresh fruit bunch price improvement that Ministry of Agriculture decided. Isa also emphasized that to get CPO transaction, every planter should register as member and through Know Your Customer (KYC).

“There would be faster to get CPO reference price if many stakeholders are in and it would be more liquid. There is hardly no negative effect when having CPO transaction in the exchange if every buyer and seller really do understand the mechanism well,” Isa said, as in the official statement to InfoSAWIT, Wednesday (13/12/2023).

Meanwhile, Secretary of CFTSA, Olvy Andrianita said the institution did many dialogues and education in the past two months. It collaborated with Indonesian Chambers and BKDI. This is the same with the order of Minister of Trade to conduct education and literacy about Indonesian CPO Exchange implementation.

The literacy forum was attended by Head of Industry and Trade North Sumatera Province, Daniel Mewengkang, Vice Chairman of North Sulawesi Indonesian Chambers, Wong Kwe Chen; Invanry Matu the representative of Manado Indonesian Chambers, and other 100 participants and media. (T2)