04 Nov 2022
"Therefore, we have been holding CPO exchange for palm oil industry players in Indonesia since 1968 with the determination to bring Indonesia to color the dynamics of CPO price formation in the global market while becoming the price reference for palm oil commodity in Indonesia and the world," said Rahmanto Amin Jatmiko, in his written statement when he attended IPOC 2022 Conference, Thursday (11/3/2022) at Bali International Convention Center, Nusa Dua, Bali.
PT Kharisma Pemasaran Bersama Nusantara (KPBN) is a subsidiary of Perkebunan Nusantara PTPN III (Persero) holding company that focuses on CPO Trading, Storage Tank, Logistics Service, and marketing agent for commodity exchange in Indonesia.
Rahmanto admitted that the daily CPO commodity exchange in KPBN became one of the elements of CPO price formation in Indonesia.
"The next program is to make Indonesia participate in coloring the dynamics of CPO price formation in the world through the commodity exchange located in KPBN, is our determination and initiative," he said.
Currently, his party cooperates with giant international media company, Reuters and Bloomberg, as KPBN strategic way to introduce Indonesia to the international world.
"One of the benefits of the partnership will be that the price formed from the KPBN Commodity Exchange will appear in the Bloomberg or Reuters (Refinitive) terminal system platform and side by side with information from other main exchanges in the world, allowing access by interested parties not only in Indonesia but all over the world," he said.
He hoped that the collaboration established with these two international media could strengthen KPBN position both nationally and internationally in realizing its vision to become one of the world-class commodity exchanges.
"In the next two years, not only PTPN, we target that private producers will also take a bigger part in the KPBN exchange ecosystem platform," said Rahmanto.
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