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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

KPBN RUN 5K Aims at Encouraging Employees to Live a Healthy Life

01

Nov

KPBN RUN 5K Aims at Encouraging Employees to Live a Healthy Life

The activities started from the speech given by the Director of KPBN and was followed by a collective prayer for the KPBN RUN 5K event to run [...]

KPBN RUN 5K Aims at Encouraging Employees to Live a Healthy Life. The activities started from the speech given by the Director of KPBN and was followed by a collective prayer for the KPBN RUN 5K event to run smoothly. “Please pay attention to your safety and security, and remember that this KPBN RUN 5K activity aims to make our bodies healthier, active, and to run together,” said Rahmanto as the Director of KPBN.“I appreciate the KPBN RUN 5K event for giving positive energy, encouraging employees to have a healthy lifestyle, be active, and have strong personalities,” added Rahmanto.KPBN RUN 5K provided a prize in the form of savings and special medals for the 1st, 2nd, and 3rd place winners. Besides that, the participants also have the chance to win door prizes such as precious metals from 0.1 g to 0.5 g, umbrellas, tumblers, mugs, and cash. The employees can also enjoy various game amusements as they enjoy a wide variety of food and beverages that have been provided.#kpbn #inacom #sumpahpemuda2022

Subsidary of BUMN Holding Perkebunan Help Schools Impacted by Flood in Jakarta

24

Oct

Subsidary of BUMN Holding Perkebunan Help Schools Impacted by Flood in Jakarta

Subsidiary of State-Owned Plantation Company Assists Schools Hit by Flood in Jakarta [...]

MTsN 19 Pondok Labu Receives School Facilities Assistance

24

Oct

MTsN 19 Pondok Labu Receives School Facilities Assistance

MTsN 19 Pondok Labu Receives Aid for School Facilities and Infrastructure [...]

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