Indonesia wants more sway over commodity prices - here’s how its new exchange can win over market
- JAKARTA: The success of Indonesia’s plan to launch a commodity exchange will hinge on whether it can build a credible benchmark and persuade producers and traders to use it, experts say.
- The exchange, which is set to launch on Jan 1, aims to have greater influence over prices of key exports such as nickel products, palm oil and coal.
- The plan, announced by President Prabowo Subianto in his 2027 budget speech to parliament on Aug 14, received a thunderous response from lawmakers.
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- JAKARTA: The success of Indonesia’s plan to launch a commodity exchange will hinge on whether it can build a credible benchmark and persuade producers and traders to use it, experts say.
- The exchange, which is set to launch on Jan 1, aims to have greater influence over prices of key exports such as nickel products, palm oil and coal.
- The plan, announced by President Prabowo Subianto in his 2027 budget speech to parliament on Aug 14, received a thunderous response from lawmakers.
Sources: CNA