The Palm Scribe

Indonesia creates palm oil index

Kompas, 13 April 2018
Indeks Komoditas Indonesia, a publisher company that produces and offers data analysis and data assessment, has launched the Indonesian Crude Palm Oil Index (ICPOI). The index is expected to compliment the palm oil index listed in Rotterdam and Malaysia. Indonesian Palm Oil Association (GAPKI) representative Kacuk Sumarto said that Indonesian palm oil producers have weak bargaining position in the global market because the market refers to palm oil index in the ICE Rotterdam and the Malaysia Derivatives Exchange. He expected ICPOI can be an accurate and real index that reflects Indonesia’s CPO condition.

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