Indonesian Exchange Begins Trading Rupiah Palm Oil Futures
Indonesian Exchange Begins Trading Rupiah Palm Oil Futures Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest. The Indonesia Commodity and Derivatives Exchange on Friday started trading a rupiah-based palm oil futures contract aimed at setting a new benchmark and rivaling the dominant market in neighboring Malaysia. “The ICDX is optimistic about fulfilling Indonesia
Indonesian Rupiah/US Dollar Futures Market Specifications Trading Screen Product Name IDR/USD Trading Screen Hub Name ICSG Commodity Code. SID Contract Size. 1,000,000,000 Indonesian Rupiah Currency. USD Trading Price. US Dollar per Indonesian Rupiah (IDR/USD) Minimum Price Fluctuation. USD 0.0001 per 10,000 Indonesian Rupiah (USD10 per tick) Last Trading Day. Trading
Rupiah drops further on Tuesday, heads toward Rp 15,000
The rupiah is moving toward Rp 15,000 per United States dollar as it was quoted at Rp 14,444 per US dollar or 0.57 percent lower than the previous day, according to the Jakarta Interbank Spot
The Indonesian rupiah exchange rate declined 1.58 percent during the past week, mainly on oil price concerns amid geopolitical tensions in Iraq. Being a net oil importer, Indonesia’s trade balance and budget deficit is highly influenced by the international oil price. For a more detailed analysis of the rupiah’s recent performance click here.
Tag: Palm Oil Price Indonesia Investments
The higher crude palm oil (CPO) price will have a positive impact on the corporate earnings of Indonesian CPO producers, including Sampoerna Agro. Benchmark palm oil futures for March 2024 delivery on the Bursa Malaysia Derivatives Exchange were at 3,161 ringgit (approx. USD $706) per ton at the end of last week, near a four and a half year
The benchmark stock index of Indonesia (Jakarta Composite Index) hit a record high on Friday (06/02) on the back of rising palm oil-related stocks (palm oil demand is expected to grow due to the Indonesian government’s proposal to increase biodiesel subsidies) as well as an improvement in the country’s foreign exchange reserves which shows that Indonesia’s economic fundamentals remain
Indonesian Rupiah TRADING ECONOMICS
The USDIDR decreased 10.0000 or 0.07% to 13,970.0000 on Friday December 20 from 13,980.0000 in the previous trading session. Historically, the Indonesian Rupiah reached an all time high of 16800 in June of 1998. The USDIDR spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the IDR. While the USDIDR spot exchange rate is quoted and exchanged
Due to rising output amid the start of the seasonal increase in production in Indonesia and Malaysia, the world’s two largest crude palm oil (CPO) producers, CPO prices may touch a six-year low in 2015. According to Dorab Mistry, Director at Godrej International, there is one factor that can block CPO prices from reaching this low and that is the successful implementation of Indonesia’s
Palm Oil Indonesia Update: Futures May Touch 6 Year
Due to rising output amid the start of the seasonal increase in production in Indonesia and Malaysia, the world’s two largest crude palm oil (CPO) producers, CPO prices may touch a six-year low in 2015. According to Dorab Mistry, Director at Godrej International, there is one factor that can block CPO prices from reaching this low and that is the successful implementation of Indonesia’s
JAKARTA, April 26 (Reuters) Following is a list of events in Indonesia, business highlights from newspapers and factors that may influence financial markets. PRESS DIGEST PERTAMINA READY TO UP