The Indonesian Commodity and Derivatives Exchange has said it will list crude palm oil futures on April 30. The launch of the commodity will further intensify competition in the region for dominance in crude palm oil trading.
Crude palm oil will be the ICDX’s second product. It was launched on March 31 with gold futures.
The crude palm oil contract will be settled by physical delivery of 10 metric tonnes of the commodity. It will pit the newly introduced exchange against its...