JAKARTA -- Indonesia on Friday launched its own crude palm oil (CPO) futures exchange as the world's biggest exporter of the commodity seeks better price transparency at home and, over the long term, to possibly challenge the globe's two widely used price benchmarks.
Commodities
Indonesia launches palm oil exchange to rival Malaysia benchmark
Regulator says voluntary bourse will provide 'transparent' transactions
Trade Minister Zulkifli Hasan, center, and other officials launch Indonesia's crude palm oil exchange on Oct. 13. The country is the world's largest producer and exporter of the commodity.
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