Indonesia produces and exports more palm oil than any other country, but when it comes to setting the price, it still plays second fiddle to Malaysia. On August 14, he announced a new exchange for commodities including palm oil, nickel and coal, targeted to begin operations on January 1.
Indonesia produces and exports more palm oil than any other country, but when it comes to setting the price, it still plays second fiddle to Malaysia.
On August 14, he announced a new exchange for commodities including palm oil, nickel and coal, targeted to begin operations on January 1.
Analysts say dominance in physical supply does not automatically translate into pricing power.
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Indonesia produces and exports more palm oil than any other country, but when it comes to setting the price, it still plays second fiddle to Malaysia. On August 14, he announced a new exchange for commodities including palm oil, nickel and coal, targeted to begin operations on January 1. Analysts say dominance in physical supply does not automatically translate into pricing power.
President Prabowo Subianto wants to change that. Jakarta's move to set new benchmarks may not be enough to...
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