The Palm Scribe

Indonesia aims to become global olein price reference

Bisnis Indonesia, 18 February 2019

Jakarta Future Exchange (JFX) President Director Stephanus Paulus Lumintang estimated olein contract to soar in 2019 because the JFX partners with large palm oil processing companies that have expressed their commitment to develop domestic olein market. As many as 183,075 lots of olein contracts were traded in 2018, which contributed 13.7% to total multilateral transactions. JFX will also revitalize OLE 10 contract to adjust it with the needs of domestic players.

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