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KPBN promotes Indonesia to become a reference for determining world CPO prices

04

Nov

KPBN promotes Indonesia to become a reference for determining world CPO prices

PTPN chief executive Rahmanto Amin Jatmiko said that Indonesia is the world's largest palm oil producer, but that at present global palm oil industry [...]

KPBN promotes Indonesia to become a reference for determining world CPO prices. PTPN chief executive Rahmanto Amin Jatmiko said that Indonesia is the world's largest palm oil producer, but that at present global palm oil industry players are referencing two main exchanges, MDEX in Malaysia and Rotterdam in the Netherlands. `We are determined, we have initiated steps for Indonesia to make its mark on the dynamics of world CPO price formation through the KPBN's commodity exchange,` said Rahmanto in a statement received in Jakarta on Thursday. Since 1968 KPBN, a subsidiary of holding company PT Perkebunan Nusantara III (PTPN) has been organizing the CPO exchange for palm oil industry players in Indonesia. The KPBN's daily palm oil exchange has become a reference for the Agriculture Ministry as the benchmark for the price of fresh fruit bunches (TBS) from oil palm farmers, as well as for the Ministry for Energy and Mineral Resources (ESDM) as a reference for biodiesel subsidy. Rahmanto explained that the initial step to realize the aspiration of making Indonesia a reference point for forming global CPO benchmark prices has been to collaborate with two international media companies, Reuters and Bloomberg. According to him, the collaboration has also become one of KPBN's strategic endeavors to introduce itself to the international community in order to realize Indonesia's role as a benchmark for global palm oil commodity prices. `One of the benefits of this collaboration will be that prices formed on the KPBN Commodity Exchange will be featured on the Bloomberg and Reuters (Refinitiv) system terminals, alongside information from other main global exchanges, so that they can be accessed by interested parties not only in Indonesia, but also around the world,` said Rahmanto. He further said that within the next two years, they are targeting for private producers to play a greater role in the KPBN exchange ecosystem platform. As KPBN's parent company, PT Perkebunan Nusantara III fully supports the initiative to make Indonesia the reference for forming the global CPO benchmark and to become a reference for palm oil commodity prices. Source : https://www.antaranews.com/berita/3221693/kpbn-dorong-indonesia-jadi-rujukan-pembentukan-harga-acuan-cpo-dunia

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

04

Nov

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 [...]

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

Coloring the Dynamics of World CPO Price Formation through PT KPBN

04

Nov

Coloring the Dynamics of World CPO Price Formation through PT KPBN

PT Kharisma Pemasaran Bersama Nusantara (KPBN) which has been organizing the CPO exchange for palm oil players in Indonesia since 1968 is determined [...]

Coloring the Dynamics of World CPO Price Formation through PT KPBN. PT Kharisma Pemasaran Bersama Nusantara (KPBN) which has been organizing the CPO exchange for palm oil players in Indonesia since 1968 is determined to make Indonesia take part in coloring the CPO growth trend in the global market and also be a price reference for palm oil commodities in Indonesia and the world. This statement was stated by Director of KPBN, Rahmanto Amin Jatmiko during the 2022 IPOC Conference (18th Indonesian Palm Oil Conference and 2023 Price Outlook) on Thursday (3/11) at the Bali International Convention Center, Nusa Dua, Bali. Now, the fact is that the existence of PT KPBN, through its daily CPO commodity exchange, has become an important element in the formation of CPO prices in Indonesia and has become a reference not only for palm oil industry players in Indonesia but also for the Ministry of Agriculture as a benchmark for fresh fruit bunch (TBS) prices from palm oil farmers and the Ministry of Energy and Mineral Resources as a reference for biodiesel subsidies.  “The next program is to involve Indonesia in coloring the dynamics of world CPO price formation through the commodity exchange at KPBN, is our determination and initiative,” said Rahmanto.  The initial step to realize that aspiration, has begun with the collaboration by KPBN with two giant international media companies, Reuters and Bloomberg. This collaboration is also one of KPBN's strategic efforts in introducing themselves to the international world to shape Indonesia as a price reference for palm oil commodities.  `One of the benefits of this collaboration will make the prices formed from the KPBN Commodity Exchange appear on the Bloomberg and Reuters (Refinitive) system terminal platforms and be coupled with information from other major world exchanges, so that it can be accessed by interested parties not only in Indonesia but also around the world,` explained Rahmanto. Rahmanto hopes that the collaboration established with these two international media outlets can strengthen KPBN's position both nationally and internationally in realizing its vision to become a world-class plantation commodity exchange. In the next two years, not only PTPN, his party is targeting that private producers will also take a bigger part in the KPBN exchange ecosystem platform. In the meantime, Holding Perkebunan Nusantara as the parent company of PT KPBN supports the initiation of the KPBN collaboration program with Reuters and Bloomberg. `As Holding Perkebunan Nusantara, we fully support KPBN as a palm oil commodity price reference in Indonesia. We hope the collaboration with Reuters and Bloomberg will bring a positive impact, so that the palm oil industry business climate in Indonesia will be increasingly strong in supporting the economy,` said Mohammad Abdul Ghani, President Director of Holding Perkebunan Nusantara PTPN III (Persero). PT KPBN is a subsidiary of Holding Perkebunan Nusantara PTPN III (Persero) which is engaged in the CPO Trading, Storage Tanks, Logistics Services and marketing agent for plantation commodity exchanges in Indonesia.  Source: https://mediaindonesia.com/ekonomi/535029/indonesia-mewarnai-dinamika-pembentukan-harga-cpo-dunia-melalui-pt-kpbn

Indonesia Could Be a Reference for Setting World CPO Reference Prices

04

Nov

Indonesia Could Be a Reference for Setting World CPO Reference Prices

KPBN's President Director Rahmanto Amin Jatmiko said that Indonesia is the world's largest producer of palm oil, but the current reference price used [...]

Indonesia Could Be a Reference for Setting World CPO Reference Prices. KPBN's President Director Rahmanto Amin Jatmiko said that Indonesia is the world's largest producer of palm oil, but the current reference price used by palm oil industry players refers to the two major exchanges MDEX in Malaysia and Rotterdam in the Netherlands. `Creating Indonesia to color the dynamics of CPO world price formation via the commodity exchange available at KPBN is our determination and initiative,` said Rahmanto as quoted by Antara, Saturday (5/11/2022). Since 1968, KPBN, a subsidiary of holding company PT Perkebunan Nusantara III (PTPN), has organized a CPO exchange for palm oil industry players in Indonesia. KPBN's daily palm oil exchange has been a reference for the Ministry of Agriculture as a benchmark price for fresh fruit bunches (TBS) from palm oil farmers and the Ministry of Energy and Mineral Resources (ESDM) as a reference for biodiesel subsidies. Rahmanto explained that the initial step to realize the ambition of making Indonesia a reference for the formation of the world's palm oil reference price had begun with the collaboration with two international media companies, namely Reuters and Bloomberg. According to him, this collaboration is also one of KPBN's strategic efforts in introducing itself to the international world to make Indonesia a reference for global palm oil commodity prices. `One of the benefits of this collaboration is that the price formed from the KPBN Commodity Exchange appears on the Bloomberg or Reuters (Refinitive) system terminal platform and is juxtaposed with information from other major world exchanges, so that it can be accessed by interested parties not only in Indonesia but also throughout the world,` explained Rahmanto. He further said that in the next two years, his party targeted private producers to take a greater part in the KPBN exchange ecosystem platform. PT Perkebunan Nusantara III as KPBN's parent company fully supports the move to make Indonesia a reference for the formation of global CPO reference prices and a reference for palm oil commodity prices. Source: https://finance.detik.com/industri/d-6389016/ri-bisa-jadi-rujukan-pembentukan-harga-acuan-cpo-dunia/2

Playing a Role in Forming CPO Prices Through the Commodity Exchange at the KPBN Exchange

04

Nov

Playing a Role in Forming CPO Prices Through the Commodity Exchange at the KPBN Exchange

"Therefore, we have been holding CPO exchange for palm oil industry players in Indonesia since 1968 with the determination to bring Indonesia to [...]

Playing a Role in Forming CPO Prices Through the Commodity Exchange at the KPBN Exchange.  `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.
Source: https://jabar.tribunnews.com/2022/11/03/indonesia-berperan-di-pembentukan-harga-cpo-lewat-bursa-komoditas-di-bursa-kpbn

Joining Two International Medias, the KPBN Hopes That Indonesia Will Be Able to Colorize World Palm Oil Prices

04

Nov

Joining Two International Medias, the KPBN Hopes That Indonesia Will Be Able to Colorize World Palm Oil Prices

"KPBN, which has organized the CPO exchange for palm oil industrial players in Indonesia since 1968, is determined to make Indonesia contribute to [...]

Joining Two International Medias, the KPBN Hopes That Indonesia Will Be Able to Colorize World Palm Oil Prices. `KPBN, which has organized the CPO exchange for palm oil industrial players in Indonesia since 1968, is determined to make Indonesia contribute to the dynamics of CPO price formation in the global market and become the price reference for palm oil commodities in Indonesia and the world. The next program is to make Indonesia contribute to the dynamics of CPO price formation in the world through commodity exchange in KPBN, it is our determination and initiative,` said Rahmanto Amin.  The KPBN Director explained that the initial step to realize this aspiration was started by the collaboration carried out by KPBN with two giant international media companies, Reuters and Bloomberg. This collaboration is also a strategic effort by KPBN to introduce itself internationally, realizing Indonesia as a price reference for palm oil commodities.  According to him, as the largest producer of palm oil, Indonesia is still far from optimal in playing a role in this industry. Currently, global palm oil industry players still refer to the benchmark price (price reference) to the two major exchanges in the world, namely the MDEX in Malaysia and Rotterdam in the Netherlands. However, palm oil (CPO) is one of the mainstay commodities that generate foreign exchange and are important for Indonesia.  “One of the benefits of this collaboration is that the price formed from the KPBN Commodity Exchange will appear on the terminal system platform from Bloomberg or Reuters (Refinitive) and will be juxtaposed with information from other major global exchanges, so that it can be accessed by interested parties. not only in Indonesia but also worldwide,` explained Rahmanto. Holding Perkebunan Nusantara as the parent company of PT KPBN supports the initiative of the KPBN cooperation program with Reuters and Bloomberg. `As Holding Perkebunan Nusantara, we fully support KPBN's efforts as the price reference for palm oil commodities in Indonesia. We hope that the collaboration with Reuters and Bloomberg will have a positive impact, so that the palm oil industry business climate in Indonesia will be stronger in supporting the economy,` concluded Mohammad Abdul Ghani, President Director of Holding Perkebunan Nusantara PTPN III (Persero) separately.  #KPBN #Inacom #Holding #CPO #Pricereference

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