Latest News

04 Nov 2022

Indonesia's KPBN Seeks to Take Part in Making Global CPO Price

Indonesia's KPBN Seeks to Take Part in Making Global CPO Price


Although Indonesia is the world’s largest palm oil producer, global industry players still refer to Malaysia’s MDEX and the Rotterdam Exchange in the Netherlands.


KPBN has held CPO commodity exchanges for palm oil industry players in Indonesia since 1968. Its daily commodity exchange of CPO has become an integral part of making CPO prices in the country. Also, the Agriculture Ministry relies on KPBN as a benchmark for fresh fruit bunch prices from oil palm farmers. And the Energy Ministry has treated it as a reference for biodiesel subsidies.


"The upcoming program is establishing Indonesia to participate in coloring the dynamics of forming world CPO price through the activity of commodity exchanges held by KPBN, that is our determination and initiative," Rahmanto said in a statement on Thursday.


As an initial step, KPBN has teamed up with international news outlets Reuters and Bloomberg.


"One of the benefits of this collaboration is that the prices formed through KPBN Commodity Exchange will appear on the terminal system platform from Bloomberg and Reuters, and side by side with information from other major world exchanges, making it possible to be accessed by interested parties not only in Indonesia but also worldwide,” Rahmanto said.


Rahmanto added that he hoped the collaboration could help strengthen KPBN’s footing both on the national and international levels, as it seeks to become one of the world-class plantation commodity exchanges.


"In the next two years, not only PTPN Group but also we are targeting private sector producers to take a bigger share in KPBN’s commodity exchange ecosystem platform," Rahmanto said.


KPBN is a subsidiary of the state-owned plantation holding company PTPN III. Commenting on this initiative, Holding Perkebunan Nusantara PTPN III president director Abdul Ghani said that the company fully supported KPBN in becoming a price reference for palm oil commodities in Indonesia.


“We are aiming that the collaboration with Reuters and Bloomberg can generate a positive impact, thus the business climate of the palm oil industry in Indonesia can strengthen the economy as a whole," he said.


Source : https://jakartaglobe.id/special-updates/indonesias-kpbn-seeks-to-take-part-in-making-global-cpo-price

Recent Post

Here are a few options for translating `PT KPBN Berbagi Takjil 30 Hari & 500 pcs Kain Sarung Melalui Yayasan Masjid Cut Meutia,` depending on the nuance you want to convey:<br />
<br />
<br />
<br />
*   PT KPBN Shares 30 Days of Takjil & 500 Sarongs Through the Cut Meutia Mosque Foundation<br />
<br />
Option 2 (Emphasizing the activity of sharing):<br />
<br />
*   PT KPBN Distributes 30 Days of Takjil and 500 Sarongs via the Cut Meutia Mosque Foundation<br />
<br />
Option 3 (More descriptive, but slightly longer):<br />
<br />
*   PT KPBN Donates 30 Days' Worth of Takjil and 500 Pieces of Sarong Fabric Through the Cut Meutia Mosque Foundation<br />
<br />
Explanation of Choices:<br />
<br />
*   PT KPBN:  This is a proper noun (company name) and generally remains as is.<br />
*   Berbagi: This translates well to `Shares` or `Distributes`.  `Donates` is also suitable.<br />
*   Takjil: This is a specific term referring to light snacks or refreshments to break the fast during Ramadan.  It is common to use the word `Takjil` directly in English, especially when the audience is familiar with the context.<br />
*   30 Hari: `30 Days` or `30 Days' Worth` - both are accurate.<br />
*   Kain Sarung: This means `Sarong Fabric.`  `Sarongs` is a more common and concise way to refer to them.<br />
*   500 pcs: `500 pcs` is often used directly. But `500 pieces` is more formal.<br />
*   Melalui: This translates to `Through` or `Via.`<br />
*   Yayasan Masjid Cut Meutia: This is a proper noun (foundation name) and remains as is.<br />
<br />
The best option depends on the target audience and the overall tone you want to achieve. If you're writing for an international audience, Option 3 may be the clearest. If you're writing for an audience familiar with Indonesian culture, Option 1 or 2 might suffice.<br />

Logo KPBN

Contact Us

Jl. Cut Meutia NO. 11, RT. 13, RW. 05, Cikini, Menteng, Kota Jakarta Pusat, DKI Jakarta. Kode Pos. 10330

(021)3106685, (021)3907554 (Hunting)

humas@inacom.co.id

PT. Kharisma Pemasaran Bersama Nusantara

Social Media

© Inacom. All Rights Reserved.